Tokio Marine Asset Management Co. Ltd. increased its stake in Duke Energy Corp (NYSE:DUK) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,935 shares of the utilities provider’s stock after purchasing an additional 148 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Duke Energy were worth $1,254,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of DUK. Morgan Stanley increased its holdings in Duke Energy by 13.8% in the 3rd quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock valued at $303,498,000 after acquiring an additional 460,092 shares during the last quarter. First Mercantile Trust Co. increased its holdings in Duke Energy by 69.4% in the 4th quarter. First Mercantile Trust Co. now owns 1,050 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 430 shares during the last quarter. Ffcm LLC increased its holdings in Duke Energy by 12.8% in the 4th quarter. Ffcm LLC now owns 34,758 shares of the utilities provider’s stock valued at $3,000,000 after acquiring an additional 3,947 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of Duke Energy by 3.9% in the 1st quarter. Prime Capital Investment Advisors LLC now owns 5,545 shares of the utilities provider’s stock worth $499,000 after buying an additional 209 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Duke Energy by 4.7% in the 4th quarter. Northern Trust Corp now owns 9,338,113 shares of the utilities provider’s stock worth $805,879,000 after buying an additional 415,434 shares during the last quarter. Institutional investors own 61.10% of the company’s stock.
In other news, Chairman Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $89.92, for a total value of $1,348,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Dhiaa M. Jamil sold 750 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $89.75, for a total transaction of $67,312.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,731 shares of company stock valued at $2,027,567. 0.09% of the stock is owned by corporate insiders.
Duke Energy stock traded up $0.73 during trading hours on Wednesday, hitting $87.81. The company had a trading volume of 1,827,048 shares, compared to its average volume of 3,381,505. The stock has a market cap of $63.41 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 3.64 and a beta of 0.06. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.75 and a quick ratio of 0.49. Duke Energy Corp has a 1 year low of $71.96 and a 1 year high of $91.67.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.03. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company earned $1.28 EPS. Research analysts expect that Duke Energy Corp will post 4.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a $0.9275 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.71 annualized dividend and a yield of 4.23%. Duke Energy’s dividend payout ratio (DPR) is 78.60%.
DUK has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Bank of America lifted their price target on shares of Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, March 11th. ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. set a $90.00 price target on shares of Duke Energy and gave the stock a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $88.70.
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Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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