State of Alaska Department of Revenue Purchases 400 Shares of Duke Energy Co. (NYSE:DUK)

State of Alaska Department of Revenue lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 0.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,625 shares of the utilities provider’s stock after purchasing an additional 400 shares during the period. State of Alaska Department of Revenue’s holdings in Duke Energy were worth $8,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC acquired a new position in shares of Duke Energy in the third quarter worth approximately $2,074,000. KPP Advisory Services LLC acquired a new position in shares of Duke Energy in the third quarter worth approximately $318,000. Kettle Hill Capital Management LLC lifted its stake in shares of Duke Energy by 217.9% in the third quarter. Kettle Hill Capital Management LLC now owns 154,393 shares of the utilities provider’s stock worth $13,627,000 after acquiring an additional 105,834 shares during the period. JT Stratford LLC lifted its stake in shares of Duke Energy by 12.4% in the third quarter. JT Stratford LLC now owns 13,423 shares of the utilities provider’s stock worth $1,185,000 after acquiring an additional 1,486 shares during the period. Finally, Resolution Capital Ltd acquired a new position in shares of Duke Energy in the third quarter worth approximately $760,000. 65.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now directly owns 4 shares in the company, valued at approximately $409.24. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock worth $2,750,815 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Duke Energy Stock Up 0.0 %

Duke Energy stock traded up $0.03 during trading on Wednesday, hitting $99.84. 1,072,678 shares of the company were exchanged, compared to its average volume of 2,921,523. The business’s 50 day moving average is $101.42 and its 200 day moving average is $97.47. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $104.87. The company has a market capitalization of $77.05 billion, a P/E ratio of 25.24, a PEG ratio of 2.75 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.05. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The business had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. Duke Energy’s revenue was up 5.4% compared to the same quarter last year. Analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were paid a $1.025 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a yield of 4.11%. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.

Analyst Ratings Changes

Several equities analysts have issued reports on DUK shares. Scotiabank dropped their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Morgan Stanley dropped their price target on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Bank of America boosted their price target on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Barclays boosted their price target on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Finally, BMO Capital Markets boosted their price target on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.33.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.