Massmutual Trust Co. FSB ADV Has $2.16 Million Holdings in Duke Energy Co. (NYSE:DUK)

Massmutual Trust Co. FSB ADV raised its position in Duke Energy Co. (NYSE:DUK) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,544 shares of the utilities provider’s stock after buying an additional 497 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Duke Energy were worth $2,159,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DUK. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the first quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Duke Energy during the fourth quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new stake in shares of Duke Energy during the fourth quarter worth approximately $26,000. Riverview Trust Co bought a new stake in shares of Duke Energy during the first quarter worth approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Duke Energy in the fourth quarter valued at approximately $31,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

DUK stock traded down $2.87 during trading hours on Monday, reaching $111.05. The stock had a trading volume of 4,918,389 shares, compared to its average volume of 2,939,520. The stock has a market capitalization of $85.70 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The stock has a 50-day simple moving average of $103.57 and a 200 day simple moving average of $98.86. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $116.67.

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

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a dividend yield of 3.76%. Duke Energy’s dividend payout ratio is presently 105.03%.

Insider Activity

In other news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were 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 directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director E Marie Mckee sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the transaction, the director now directly owns 4 shares in the company, valued at $409.24. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock valued at $2,750,815 over the last ninety days. 0.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DUK shares. BMO Capital Markets lowered their target price on shares of Duke Energy from $110.00 to $109.00 and set an “outperform” rating for the company in a research note on Thursday, July 11th. Scotiabank lowered their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays upped their target price on shares of Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. KeyCorp upped their price target on shares of Duke Energy from $112.00 to $114.00 and gave the company an “overweight” rating in a report on Monday, July 22nd. Finally, Bank of America upped their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $102.58.

Duke Energy 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.