World Asset Management Inc increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 14.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,250 shares of the utilities provider’s stock after acquiring an additional 6,254 shares during the period. World Asset Management Inc’s holdings in Duke Energy were worth $4,522,000 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 Duke Energy by 445.9% during the third quarter. HC Financial Advisors Inc. now owns 20,099 shares of the utilities provider’s stock worth $1,608,000 after buying an additional 16,417 shares during the period. 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 lifted its holdings in shares of Duke Energy by 2.8% during 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 purchasing an additional 142,051 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Duke Energy by 13.8% during the 3rd quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock valued at $303,498,000 after purchasing an additional 460,092 shares during the last quarter. Hedge funds and other institutional investors own 61.15% 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. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.67. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.75. 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.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, May 9th. The utilities provider reported $1.24 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.39 billion. During the same period last year, the firm earned $1.28 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts forecast that Duke Energy Corp will post 4.94 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be paid a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio is presently 78.60%.
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, COO Dhiaa M. Jamil sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was 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 worth $2,027,567 over the last ninety days. 0.09% of the stock is currently owned by corporate insiders.
DUK has been the subject of several analyst reports. Morgan Stanley increased their price objective on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Bank of America increased their price objective on Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, March 11th. ValuEngine downgraded 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 target price on Duke Energy and gave the company a “hold” rating in a research report on Monday. 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.
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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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