Rehmann Capital Advisory Group boosted its stake in Duke Energy Corp (NYSE:DUK) by 5.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,706 shares of the utilities provider’s stock after buying an additional 1,264 shares during the period. Rehmann Capital Advisory Group’s holdings in Duke Energy Corp were worth $1,862,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Duke Energy Corp by 0.6% in the fourth quarter. State Street Corp now owns 33,468,331 shares of the utilities provider’s stock worth $2,597,815,000 after buying an additional 190,314 shares in the last quarter. Capital Research Global Investors increased its position in shares of Duke Energy Corp by 32.9% in the third quarter. Capital Research Global Investors now owns 16,845,618 shares of the utilities provider’s stock worth $1,348,323,000 after buying an additional 4,165,845 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in Duke Energy Corp by 1.5% in the third quarter. Epoch Investment Partners Inc. now owns 4,547,835 shares of the utilities provider’s stock worth $364,009,000 after buying an additional 66,272 shares during the last quarter. FMR LLC boosted its stake in Duke Energy Corp by 139.9% in the fourth quarter. FMR LLC now owns 3,758,176 shares of the utilities provider’s stock worth $291,710,000 after buying an additional 2,191,756 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Duke Energy Corp by 3.9% in the third quarter. Morgan Stanley now owns 3,576,269 shares of the utilities provider’s stock worth $286,244,000 after buying an additional 134,681 shares during the last quarter. Institutional investors own 57.01% of the company’s stock.
Duke Energy Corp (NYSE:DUK) traded down 0.18% during midday trading on Friday, hitting $83.10. The stock had a trading volume of 942,869 shares. The firm has a market cap of $58.16 billion, a P/E ratio of 26.50 and a beta of 0.14. The stock has a 50-day moving average price of $82.59 and a 200 day moving average price of $79.17. Duke Energy Corp has a 12-month low of $72.34 and a 12-month high of $87.75.
Duke Energy Corp (NYSE:DUK) last posted its earnings results on Tuesday, May 9th. The utilities provider reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. Duke Energy Corp had a net margin of 12.27% and a return on equity of 8.20%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter in the prior year, the firm earned $1.13 EPS. Duke Energy Corp’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Duke Energy Corp will post $4.61 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, May 19th will be paid a $0.855 dividend. This is a positive change from Duke Energy Corp’s previous quarterly dividend of $0.19. This represents a $3.42 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date is Wednesday, May 17th. Duke Energy Corp’s dividend payout ratio is currently 82.61%.
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A number of analysts have commented on DUK shares. BMO Capital Markets reaffirmed a “hold” rating and set a $85.00 price target on shares of Duke Energy Corp in a research report on Wednesday, May 10th. Zacks Investment Research cut Duke Energy Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Barclays PLC reaffirmed an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corp in a research report on Sunday, April 23rd. Deutsche Bank AG boosted their price objective on Duke Energy Corp from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price objective on shares of Duke Energy Corp in a report on Friday, March 17th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $81.19.
In other news, Director John H. Forsgren sold 2,190 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $82.86, for a total value of $181,463.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Lynn J. Good sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $81.93, for a total transaction of $1,638,600.00. Following the completion of the sale, the chairman now directly owns 176,394 shares of the company’s stock, valued at $14,451,960.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,790 shares of company stock valued at $3,097,173. Company insiders own 0.08% of the company’s stock.
About Duke Energy Corp
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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