State Board of Administration of Florida Retirement System increased its position in shares of Duke Energy Corp (NYSE:DUK) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,062,555 shares of the utilities provider’s stock after acquiring an additional 20,393 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.14% of Duke Energy worth $84,888,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Duke Energy by 14.8% during the 1st quarter. Wellington Management Group LLP now owns 15,413,073 shares of the utilities provider’s stock worth $1,246,611,000 after purchasing an additional 1,987,105 shares during the period. Capital Research Global Investors boosted its holdings in shares of Duke Energy by 27.9% in the 1st quarter. Capital Research Global Investors now owns 6,819,695 shares of the utilities provider’s stock valued at $551,577,000 after purchasing an additional 1,487,470 shares during the last quarter. Prudential PLC boosted its holdings in shares of Duke Energy by 18,482.7% in the 1st quarter. Prudential PLC now owns 918,359 shares of the utilities provider’s stock valued at $74,277,000 after purchasing an additional 913,417 shares during the last quarter. State Street Corp boosted its holdings in shares of Duke Energy by 1.8% in the 1st quarter. State Street Corp now owns 40,579,311 shares of the utilities provider’s stock valued at $3,282,055,000 after purchasing an additional 724,700 shares during the last quarter. Finally, APG Asset Management N.V. lifted its holdings in shares of Duke Energy by 63.3% during the 1st quarter. APG Asset Management N.V. now owns 1,860,282 shares of the utilities provider’s stock valued at $150,460,000 after acquiring an additional 721,007 shares in the last quarter. 64.03% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Dwight L. Jacobs sold 1,500 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $84.11, for a total transaction of $126,165.00. Following the completion of the sale, the senior vice president now owns 5,191 shares in the company, valued at $436,615.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,272 shares of company stock valued at $189,516 in the last quarter. 0.11% of the stock is currently owned by company insiders.
A number of brokerages have commented on DUK. Wells Fargo & Co cut their price objective 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. Morgan Stanley boosted their price objective on shares of Duke Energy from $89.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Seaport Global Securities began coverage on shares of Duke Energy in a research report on Tuesday, June 9th. They set a “neutral” rating for the company. Bank of America restated a “neutral” rating and issued a $83.00 target price (down previously from $93.00) on shares of Duke Energy in a research report on Wednesday, May 13th. Finally, UBS Group reduced their price target on shares of Duke Energy from $113.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 8th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and an average target price of $93.93.
Shares of NYSE:DUK traded down $0.95 during trading on Thursday, hitting $80.71. 60,105 shares of the company’s stock were exchanged, compared to its average volume of 3,339,060. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.55 and a quick ratio of 0.36. Duke Energy Corp has a 52-week low of $62.13 and a 52-week high of $103.79. The business’s 50-day simple moving average is $82.80 and its 200 day simple moving average is $86.28. The company has a market cap of $60.06 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 3.77 and a beta of 0.32.
Duke Energy (NYSE:DUK) last released its earnings results on Monday, August 10th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.05. Duke Energy had a return on equity of 8.10% and a net margin of 8.76%. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.86 billion. During the same quarter last year, the business posted $1.12 earnings per share. The firm’s revenue was down 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Duke Energy Corp will post 5.07 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be given a dividend of $0.965 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.86 annualized dividend and a dividend yield of 4.78%. This is a boost from Duke Energy’s previous quarterly dividend of $0.95. Duke Energy’s dividend payout ratio (DPR) is currently 76.28%.
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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