OLD Point Trust & Financial Services N A bought a new stake in shares of Duke Energy Corp (NYSE:DUK) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,739 shares of the utilities provider’s stock, valued at approximately $247,000.
A number of other institutional investors also recently modified their holdings of the stock. First National Bank of South Miami grew its stake in shares of Duke Energy by 5.6% in the first quarter. First National Bank of South Miami now owns 7,480 shares of the utilities provider’s stock worth $673,000 after acquiring an additional 398 shares in the last quarter. Enterprise Financial Services Corp lifted its position in Duke Energy by 97.3% in the first quarter. Enterprise Financial Services Corp now owns 7,857 shares of the utilities provider’s stock valued at $707,000 after acquiring an additional 3,875 shares during the last quarter. MONECO Advisors LLC purchased a new stake in Duke Energy in the first quarter valued at $442,000. Assenagon Asset Management S.A. lifted its position in Duke Energy by 5,502.1% in the first quarter. Assenagon Asset Management S.A. now owns 599,423 shares of the utilities provider’s stock valued at $53,948,000 after acquiring an additional 588,723 shares during the last quarter. Finally, Nepsis Inc. lifted its position in Duke Energy by 4.6% in the first quarter. Nepsis Inc. now owns 32,267 shares of the utilities provider’s stock valued at $2,904,000 after acquiring an additional 1,409 shares during the last quarter. 61.15% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on DUK shares. Morgan Stanley boosted their price target on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Credit Suisse Group lowered shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Bank of America upped their target price on shares of Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a research report on Monday, March 11th. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. set a $90.00 price target on shares of Duke Energy and gave the company a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and a consensus target price of $88.70.
Shares of Duke Energy stock traded down $0.09 during trading hours on Friday, hitting $88.81. The company’s stock had a trading volume of 1,913,952 shares, compared to its average volume of 3,386,361. The firm has a market capitalization of $64.72 billion, a P/E ratio of 18.82, a PEG ratio of 3.63 and a beta of 0.06. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.67. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 1.25.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.39 billion. During the same period last year, the business earned $1.28 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts expect that Duke Energy Corp will post 4.94 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be given a $0.9275 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.18%. Duke Energy’s payout ratio is currently 78.60%.
In other news, Chairman Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director E Marie Mckee sold 1,781 shares of Duke Energy stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $87.37, for a total transaction of $155,605.97. Following the completion of the transaction, the director now directly owns 1 shares in the company, valued at $87.37. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,731 shares of company stock worth $2,027,567. Insiders own 0.09% of the company’s stock.
About Duke Energy
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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