Banco Santander S.A. boosted its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 31.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,626 shares of the utilities provider’s stock after acquiring an additional 2,804 shares during the quarter. Banco Santander S.A.’s holdings in Duke Energy were worth $1,124,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Duke Energy by 3.3% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,390 shares of the utilities provider’s stock valued at $328,000 after purchasing an additional 109 shares during the last quarter. Breakwater Capital Group increased its position in shares of Duke Energy by 3.9% during the 1st quarter. Breakwater Capital Group now owns 2,912 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 109 shares during the last quarter. First Command Advisory Services Inc. increased its position in shares of Duke Energy by 1.4% during the 4th quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after purchasing an additional 110 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Duke Energy by 9.0% during the 1st quarter. Venturi Wealth Management LLC now owns 1,380 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 114 shares during the last quarter. Finally, Verum Partners LLC increased its position in shares of Duke Energy by 3.1% during the 4th quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 115 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.
Duke Energy Stock Up 0.0 %
NYSE:DUK traded up $0.01 during trading hours on Friday, reaching $106.92. 2,163,194 shares of the company traded hands, compared to its average volume of 2,558,744. The business’s 50-day moving average price is $102.32 and its two-hundred day moving average price is $98.09. The stock has a market capitalization of $82.52 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.94 and a beta of 0.45. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $108.59. 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 Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be issued a $1.045 dividend. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.91%. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.
Insiders Place Their Bets
In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of Duke Energy 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 sale, the chief executive officer now owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the sale, the director now owns 4 shares of the company’s stock, valued at approximately $409.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of Duke Energy 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 sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,695 shares of company stock valued at $2,750,815. Corporate insiders own 0.10% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. BMO Capital Markets reduced their price objective on Duke Energy from $110.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, July 11th. KeyCorp raised their price target on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Bank of America raised their price target on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Barclays raised their price target on Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Finally, Morgan Stanley reduced their price target on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.42.
Get Our Latest Analysis on Duke Energy
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.
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