Price T Rowe Associates Inc. MD increased its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,187,181 shares of the utilities provider's stock after purchasing an additional 23,213 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.15% of Duke Energy worth $115,205,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. Sanibel Captiva Trust Company Inc. acquired a new stake in shares of Duke Energy in the fourth quarter worth $8,907,000. Oracle Alpha Inc. purchased a new position in Duke Energy during the 4th quarter valued at about $455,000. Pettyjohn Wood & White Inc. increased its holdings in shares of Duke Energy by 1.8% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 16,402 shares of the utilities provider's stock valued at $1,592,000 after purchasing an additional 296 shares during the period. Grayhawk Investment Strategies Inc. purchased a new stake in shares of Duke Energy in the fourth quarter worth approximately $1,723,000. Finally, Bragg Financial Advisors Inc boosted its holdings in shares of Duke Energy by 10.1% during the fourth quarter. Bragg Financial Advisors Inc now owns 35,452 shares of the utilities provider's stock worth $3,440,000 after purchasing an additional 3,246 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.
Analyst Ratings Changes
DUK has been the subject of a number of research analyst reports. Barclays increased their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an "overweight" rating in a research report on Monday, April 15th. Scotiabank reduced their price objective on Duke Energy from $101.00 to $94.00 and set a "sector perform" rating for the company in a research report on Monday, April 22nd. Bank of America upped their target price on Duke Energy from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Morgan Stanley raised their price target on Duke Energy from $95.00 to $103.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 28th. Finally, BMO Capital Markets boosted their price target on Duke Energy from $108.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.75.
View Our Latest Report on Duke Energy
Insider Buying and Selling at Duke Energy
In other news, CEO Lynn J. Good sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now directly owns 437,464 shares in the company, valued at $45,190,031.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the transaction, the director now owns 4 shares in the company, valued at approximately $409.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lynn J. Good sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares of the company's stock, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock valued at $2,750,815 in the last 90 days. 0.10% of the stock is currently owned by insiders.
Duke Energy Stock Performance
DUK traded up $1.13 on Friday, hitting $102.39. The company had a trading volume of 2,668,047 shares, compared to its average volume of 2,957,621. The stock has a market cap of $79.02 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.78 and a beta of 0.45. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The company's fifty day moving average price is $100.40 and its 200 day moving average price is $96.92. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $104.87.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business had revenue of $7.67 billion during the quarter, compared to analysts' expectations of $7.31 billion. During the same period in the previous year, the company earned $1.20 earnings per share. Duke Energy's revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be given a dividend of $1.025 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.10 annualized dividend and a dividend yield of 4.00%. Duke Energy's dividend payout ratio is presently 103.02%.
About Duke Energy
(Free Report)
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
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