Fiduciary Group LLC increased its stake in Duke Energy Corp (NYSE:DUK) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,541 shares of the utilities provider’s stock after acquiring an additional 626 shares during the period. Fiduciary Group LLC’s holdings in Duke Energy were worth $610,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Duke Energy by 5.6% during the 4th quarter. State Street Corp now owns 39,854,611 shares of the utilities provider’s stock worth $3,635,139,000 after acquiring an additional 2,103,077 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Duke Energy by 13.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 24,280,449 shares of the utilities provider’s stock worth $2,214,620,000 after acquiring an additional 2,961,767 shares during the period. Franklin Resources Inc. grew its holdings in shares of Duke Energy by 0.3% during the 4th quarter. Franklin Resources Inc. now owns 12,469,974 shares of the utilities provider’s stock worth $1,137,386,000 after acquiring an additional 36,996 shares during the period. Geode Capital Management LLC grew its holdings in shares of Duke Energy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 10,766,155 shares of the utilities provider’s stock worth $980,113,000 after acquiring an additional 268,100 shares during the period. Finally, FMR LLC grew its stake in shares of Duke Energy by 18.9% in the 4th quarter. FMR LLC now owns 8,311,495 shares of the utilities provider’s stock worth $758,091,000 after buying an additional 1,323,754 shares during the last quarter. 64.29% of the stock is owned by institutional investors.
NYSE:DUK traded up $0.89 during mid-day trading on Friday, hitting $83.23. 2,760,557 shares of the company traded hands, compared to its average volume of 3,528,815. The stock’s fifty day moving average price is $84.10 and its 200-day moving average price is $89.38. Duke Energy Corp has a one year low of $62.13 and a one year high of $103.79. The company has a quick ratio of 0.45, a current ratio of 0.67 and a debt-to-equity ratio of 1.25. The firm has a market cap of $60.44 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 3.42 and a beta of 0.33.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, May 12th. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.05). The business had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $6.24 billion. Duke Energy had a return on equity of 8.13% and a net margin of 15.17%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $1.24 EPS. Equities analysts predict that Duke Energy Corp will post 5.19 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date is Thursday, May 14th. Duke Energy’s dividend payout ratio (DPR) is 74.70%.
Several analysts recently weighed in on DUK shares. Barclays cut their price target on Duke Energy from $104.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 26th. Morgan Stanley cut their price target on Duke Energy from $96.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Friday, May 15th. Wells Fargo & Co cut their price target on Duke Energy from $108.00 to $88.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Credit Suisse Group upgraded Duke Energy from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $96.00 to $108.00 in a research note on Tuesday, February 18th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $83.00 price objective (down from $93.00) on shares of Duke Energy in a research report on Wednesday, May 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $93.29.
In other news, SVP Harry K. Sideris sold 1,285 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $80.42, for a total value of $103,339.70. Following the completion of the transaction, the senior vice president now owns 5,396 shares of the company’s stock, valued at $433,946.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn J. Good sold 16,400 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $91.86, for a total value of $1,506,504.00. Following the completion of the transaction, the chief executive officer now directly owns 302,325 shares of the company’s stock, valued at approximately $27,771,574.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,213 shares of company stock valued at $1,652,221. Corporate insiders own 0.11% of the company’s stock.
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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