American International Group Inc. grew its holdings in Duke Energy Corp (NYSE:DUK) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 244,713 shares of the utilities provider’s stock after purchasing an additional 3,344 shares during the period. American International Group Inc.’s holdings in Duke Energy were worth $22,024,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Outlook Wealth Advisors LLC increased its holdings in Duke Energy by 318.6% in the first quarter. Outlook Wealth Advisors LLC now owns 6,840 shares of the utilities provider’s stock worth $616,000 after buying an additional 5,206 shares during the last quarter. SlateStone Wealth LLC acquired a new position in Duke Energy in the first quarter worth approximately $308,000. Harvest Group Wealth Management LLC acquired a new position in Duke Energy in the first quarter worth approximately $26,000. Sawyer & Company Inc increased its holdings in Duke Energy by 19.4% in the first quarter. Sawyer & Company Inc now owns 10,015 shares of the utilities provider’s stock worth $901,000 after buying an additional 1,630 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Duke Energy by 22.0% in the first quarter. Toronto Dominion Bank now owns 518,663 shares of the utilities provider’s stock worth $46,667,000 after buying an additional 93,455 shares during the last quarter. Institutional investors own 61.10% of the company’s stock.
A number of equities analysts recently commented on the company. Morgan Stanley increased their price objective on Duke Energy from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday. Bank of America downgraded Duke Energy from a “neutral” rating to an “underperform” rating in a report on Monday, May 13th. ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and a consensus target price of $86.90.
Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.03. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. As a group, equities analysts predict that Duke Energy Corp will post 4.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $3.71 dividend on an annualized basis and a yield of 4.25%. Duke Energy’s payout ratio is currently 78.60%.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $85.92, for a total transaction of $146,064.00. Following the completion of the sale, the senior vice president now owns 6,091 shares of the company’s stock, valued at $523,338.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melissa H. Anderson sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total value of $174,980.00. Following the sale, the executive vice president now directly owns 18,198 shares of the company’s stock, valued at approximately $1,592,143.02. The disclosure for this sale can be found here. Insiders have sold 22,950 shares of company stock valued at $2,046,942 in the last ninety days. Company insiders own 0.09% of the company’s stock.
Duke Energy Company 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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