Nomura Asset Management Co. Ltd. grew its holdings in Duke Energy Corp (NYSE:DUK) by 6.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 257,490 shares of the utilities provider’s stock after acquiring an additional 15,583 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Duke Energy were worth $20,826,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of DUK. Adirondack Trust Co. grew its holdings in Duke Energy by 7.3% during the 4th quarter. Adirondack Trust Co. now owns 1,520 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 104 shares in the last quarter. Financial Architects Inc boosted its holdings in shares of Duke Energy by 0.9% in the 4th quarter. Financial Architects Inc now owns 12,397 shares of the utilities provider’s stock valued at $1,131,000 after buying an additional 112 shares during the period. Mitchell Capital Management Co. boosted its holdings in shares of Duke Energy by 1.0% in the 4th quarter. Mitchell Capital Management Co. now owns 11,793 shares of the utilities provider’s stock valued at $1,076,000 after buying an additional 116 shares during the period. Trust Co. of Toledo NA OH boosted its holdings in shares of Duke Energy by 0.6% in the 1st quarter. Trust Co. of Toledo NA OH now owns 20,928 shares of the utilities provider’s stock valued at $1,693,000 after buying an additional 119 shares during the period. Finally, Lighthouse Financial Advisors Inc. boosted its holdings in shares of Duke Energy by 3.0% in the 1st quarter. Lighthouse Financial Advisors Inc. now owns 4,294 shares of the utilities provider’s stock valued at $340,000 after buying an additional 124 shares during the period. 64.18% of the stock is currently owned by institutional investors and hedge funds.
DUK stock traded down $3.50 during trading hours on Thursday, hitting $86.69. The company’s stock had a trading volume of 2,714,080 shares, compared to its average volume of 4,048,090. 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 company has a market capitalization of $65.76 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 3.71 and a beta of 0.34. Duke Energy Corp has a 12 month low of $62.13 and a 12 month high of $103.79. The stock has a 50 day moving average price of $84.68 and a two-hundred day moving average price of $89.01.
Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, May 12th. The utilities provider reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 in the prior year, the firm earned $1.24 earnings per share. Sell-side analysts expect that Duke Energy Corp will post 5.19 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be given a $0.945 dividend. This represents a $3.78 annualized dividend and a yield of 4.36%. The ex-dividend date is Thursday, May 14th. Duke Energy’s dividend payout ratio is 74.70%.
In other news, SVP Dwight L. Jacobs sold 1,500 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $84.11, for a total value of $126,165.00. Following the completion of the sale, the senior vice president now directly owns 5,191 shares in the company, valued at $436,615.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Harry K. Sideris sold 1,285 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $80.42, for a total transaction of $103,339.70. Following the completion of the sale, the senior vice president now owns 5,396 shares of the company’s stock, valued at $433,946.32. The disclosure for this sale can be found here. Insiders sold 3,566 shares of company stock valued at $293,251 over the last three months. Insiders own 0.11% of the company’s stock.
A number of research firms have issued reports on DUK. Credit Suisse Group raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $96.00 to $108.00 in a research note on Tuesday, February 18th. Barclays dropped their price target on shares of Duke Energy from $104.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 26th. Bank of America restated a “neutral” rating and set a $83.00 price target (down from $93.00) on shares of Duke Energy in a research report on Wednesday, May 13th. UBS Group dropped their price target on shares of Duke Energy from $113.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, Wells Fargo & Co dropped their target price on shares of Duke Energy from $108.00 to $88.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $93.29.
Duke Energy 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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