Braun Stacey Associates Inc. reduced its stake in Duke Energy Corp (NYSE:DUK) by 1.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,689 shares of the utilities provider’s stock after selling 509 shares during the period. Braun Stacey Associates Inc.’s holdings in Duke Energy were worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. OLD Second National Bank of Aurora raised its holdings in Duke Energy by 4.1% in the 1st quarter. OLD Second National Bank of Aurora now owns 2,920 shares of the utilities provider’s stock valued at $263,000 after buying an additional 114 shares during the last quarter. BRYN MAWR TRUST Co raised its holdings in Duke Energy by 0.5% in the 4th quarter. BRYN MAWR TRUST Co now owns 21,157 shares of the utilities provider’s stock valued at $1,826,000 after buying an additional 115 shares during the last quarter. Atlas Brown Inc. raised its holdings in Duke Energy by 1.4% in the 1st quarter. Atlas Brown Inc. now owns 9,063 shares of the utilities provider’s stock valued at $816,000 after buying an additional 123 shares during the last quarter. Intl Fcstone Inc. raised its holdings in Duke Energy by 3.8% in the 1st quarter. Intl Fcstone Inc. now owns 3,400 shares of the utilities provider’s stock valued at $306,000 after buying an additional 125 shares during the last quarter. Finally, Hartford Financial Management Inc. raised its holdings in Duke Energy by 8.0% in the 4th quarter. Hartford Financial Management Inc. now owns 1,761 shares of the utilities provider’s stock valued at $152,000 after buying an additional 131 shares during the last quarter. Institutional investors own 61.10% of the company’s stock.
A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. set a $90.00 price objective on shares of Duke Energy and gave the company a “hold” rating in a report on Monday. Morgan Stanley raised their price target on shares of Duke Energy from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday, May 16th. Bank of America lowered shares of Duke Energy from a “neutral” rating to an “underperform” rating in a report on Monday, May 13th. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Credit Suisse Group lowered shares of Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $88.70.
Duke Energy stock traded up $0.73 during mid-day trading on Wednesday, hitting $87.81. 1,827,048 shares of the stock were exchanged, compared to its average volume of 3,381,505. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.75. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.67. The firm has a market cap of $63.41 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 3.64 and a beta of 0.06.
Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 EPS. As a group, equities research analysts predict that Duke Energy Corp will post 4.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be paid a $0.9275 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.71 annualized dividend and a dividend yield of 4.23%. Duke Energy’s dividend payout ratio is currently 78.60%.
In other news, Chairman Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction on 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 Duke Energy stock in a transaction on 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. Insiders sold a total of 22,731 shares of company stock valued at $2,027,567 in the last quarter. 0.09% of the stock is currently owned by company insiders.
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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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