Valley National Advisers Inc. cut its holdings in shares of Duke Energy Corp (NYSE:DUK) by 83.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 581 shares of the utilities provider’s stock after selling 2,914 shares during the period. Valley National Advisers Inc.’s holdings in Duke Energy were worth $52,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. HC Financial Advisors Inc. lifted its holdings in shares of Duke Energy by 445.9% during the 3rd quarter. HC Financial Advisors Inc. now owns 20,099 shares of the utilities provider’s stock valued at $1,608,000 after purchasing an additional 16,417 shares during the last quarter. Standard Life Aberdeen plc lifted its holdings in shares of Duke Energy by 5.1% during the 3rd quarter. Standard Life Aberdeen plc now owns 407,028 shares of the utilities provider’s stock valued at $32,573,000 after purchasing an additional 19,927 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Duke Energy by 7.4% during the 3rd quarter. Nordea Investment Management AB now owns 35,076 shares of the utilities provider’s stock valued at $2,808,000 after purchasing an additional 2,431 shares during the last quarter. Legal & General Group Plc increased its position in shares of Duke Energy by 2.8% in the 3rd quarter. Legal & General Group Plc now owns 5,179,567 shares of the utilities provider’s stock valued at $414,425,000 after acquiring an additional 142,051 shares during the period. Finally, Morgan Stanley increased its position in shares of 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 period. Hedge funds and other institutional investors own 61.15% of the company’s stock.
Several equities analysts recently issued reports on DUK shares. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley upped their target price on Duke Energy from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, May 16th. JPMorgan Chase & Co. set a $90.00 target price on Duke Energy and gave the company a “hold” rating in a research report on Monday. Bank of America upped their target price on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, March 11th. Finally, Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $88.70.
In related news, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the transaction, the senior vice president now directly owns 6,091 shares of the company’s stock, valued at approximately $523,338.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director E Marie Mckee sold 1,781 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were 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. Insiders have sold a total of 22,731 shares of company stock worth $2,027,567 over the last 90 days. Insiders own 0.09% of the company’s stock.
DUK traded down $0.09 during midday trading on Friday, hitting $88.81. 1,913,952 shares of the company were exchanged, compared to its average volume of 3,386,361. The company has a market capitalization of $64.72 billion, a P/E ratio of 18.82, a P/E/G ratio of 3.63 and a beta of 0.06. 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 1-year low of $71.96 and a 1-year high of $91.67.
Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.03. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same period last year, the firm earned $1.28 EPS. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts forecast that Duke Energy Corp will post 4.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.
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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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