Resona Asset Management Co. Ltd. Purchases 5,060 Shares of Duke Energy Corporation $DUK

Resona Asset Management Co. Ltd. raised its position in Duke Energy Corporation (NYSE:DUKFree Report) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 317,710 shares of the utilities provider’s stock after purchasing an additional 5,060 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Duke Energy were worth $41,635,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Duke Energy by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 78,258,757 shares of the utilities provider’s stock valued at $9,172,709,000 after buying an additional 1,957,592 shares during the period. Amundi grew its holdings in Duke Energy by 56.9% during the 4th quarter. Amundi now owns 2,662,460 shares of the utilities provider’s stock worth $312,067,000 after acquiring an additional 965,808 shares during the period. Franklin Resources Inc. raised its position in shares of Duke Energy by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 8,236,893 shares of the utilities provider’s stock worth $965,446,000 after acquiring an additional 954,907 shares in the last quarter. Milford Funds Ltd. bought a new position in shares of Duke Energy in the 4th quarter worth about $97,905,000. Finally, Cohen & Steers Inc. lifted its stake in shares of Duke Energy by 83.3% in the 4th quarter. Cohen & Steers Inc. now owns 1,711,445 shares of the utilities provider’s stock valued at $200,598,000 after purchasing an additional 777,878 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

DUK stock opened at $126.71 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.66 and a quick ratio of 0.44. The company’s 50-day moving average is $125.03 and its 200-day moving average is $125.05. The stock has a market capitalization of $98.79 billion, a PE ratio of 19.40 and a beta of 0.38. Duke Energy Corporation has a 1 year low of $113.89 and a 1 year high of $134.49.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The business had revenue of $9.18 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same period in the previous year, the company posted $1.76 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. Equities research analysts expect that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Friday, May 15th were issued a dividend of $1.065 per share. The ex-dividend date was Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s payout ratio is currently 65.24%.

Duke Energy News Summary

Here are the key news stories impacting Duke Energy this week:

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Capitol Sec Mgt lowered Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Truist Financial cut their price target on Duke Energy from $142.00 to $137.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Mizuho reduced their price objective on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Finally, UBS Group lowered their price objective on shares of Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $138.33.

Check Out Our Latest Report on DUK

Insider Activity at Duke Energy

In related news, CEO Harry K. Sideris sold 20,000 shares of Duke Energy stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at approximately $11,952,205.74. This trade represents a 17.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $125.15, for a total transaction of $438,025.00. Following the sale, the chief executive officer owned 21,415 shares of the company’s stock, valued at $2,680,087.25. This trade represents a 14.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.

Duke Energy Profile

(Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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