Xact Kapitalforvaltning AB boosted its position in Duke Energy Corporation (NYSE:DUK) by 9.0% during the first quarter, Holdings Channel reports. The institutional investor owned 53,519 shares of the utilities provider’s stock after buying an additional 4,410 shares during the period. Xact Kapitalforvaltning AB’s holdings in Duke Energy Corporation were worth $4,389,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in DUK. FMR LLC increased its position in Duke Energy Corporation by 139.9% in the fourth quarter. FMR LLC now owns 3,758,176 shares of the utilities provider’s stock worth $291,710,000 after buying an additional 2,191,756 shares in the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC increased its position in Duke Energy Corporation by 7,778.1% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 1,348,880 shares of the utilities provider’s stock worth $1,349,000 after buying an additional 1,331,758 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Duke Energy Corporation by 1,296.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,190,863 shares of the utilities provider’s stock worth $92,469,000 after buying an additional 1,105,556 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Duke Energy Corporation by 191.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,602,472 shares of the utilities provider’s stock worth $131,419,000 after buying an additional 1,053,262 shares in the last quarter. Finally, Energy Income Partners LLC purchased a new position in Duke Energy Corporation during the fourth quarter worth approximately $59,150,000. Hedge funds and other institutional investors own 56.44% of the company’s stock.
Duke Energy Corporation (DUK) opened at 86.89 on Tuesday. Duke Energy Corporation has a 1-year low of $72.34 and a 1-year high of $87.75. The firm has a market capitalization of $60.81 billion, a price-to-earnings ratio of 27.71 and a beta of 0.26. The firm’s 50-day moving average price is $84.48 and its 200 day moving average price is $80.72.
Duke Energy Corporation (NYSE:DUK) last released its earnings results on Tuesday, May 9th. The utilities provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. On average, analysts predict that Duke Energy Corporation will post $4.60 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Investors of record on Friday, May 19th were given a dividend of $0.855 per share. This is an increase from Duke Energy Corporation’s previous quarterly dividend of $0.19. This represents a $3.42 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Wednesday, May 17th. Duke Energy Corporation’s dividend payout ratio is currently 109.27%.
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DUK has been the topic of a number of research reports. Zacks Investment Research downgraded Duke Energy Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. BMO Capital Markets reiterated a “hold” rating and set a $85.00 price target on shares of Duke Energy Corporation in a report on Wednesday, May 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $86.00 price target on shares of Duke Energy Corporation in a report on Friday, March 17th. Vetr downgraded Duke Energy Corporation from a “hold” rating to a “sell” rating and set a $79.70 price target on the stock. in a report on Thursday, March 2nd. Finally, Barclays PLC reiterated an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corporation in a report on Sunday, April 23rd. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $81.19.
In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John H. Forsgren sold 2,190 shares of the company’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $82.86, for a total value of $181,463.40. The disclosure for this sale can be found here. 0.07% of the stock is owned by corporate insiders.
About Duke Energy Corporation
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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