US Bancorp DE lessened its position in Duke Energy Corp (NYSE:DUK) by 1.2% in the first quarter, HoldingsChannel.com reports. The fund owned 379,848 shares of the utilities provider’s stock after selling 4,742 shares during the period. US Bancorp DE’s holdings in Duke Energy were worth $34,186,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Canton Hathaway LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth about $25,000. Harvest Group Wealth Management LLC acquired a new stake in Duke Energy in the 1st quarter worth about $26,000. Riverview Trust Co acquired a new stake in Duke Energy in the 1st quarter worth about $39,000. Proficio Capital Partners LLC raised its stake in Duke Energy by 59.0% in the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 164 shares in the last quarter. Finally, Sontag Advisory LLC acquired a new stake in Duke Energy in the 4th quarter worth about $43,000. 60.22% of the stock is owned by institutional investors.
Several brokerages have weighed in on DUK. ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Bank of America lifted their price objective on shares of Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, March 11th. JPMorgan Chase & Co. set a $90.00 price objective on shares of Duke Energy and gave the stock a “hold” rating in a research note on Monday, May 20th. Zacks Investment Research cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Finally, Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $88.70.
Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, May 9th. The utilities provider reported $1.24 EPS for the quarter, beating the consensus estimate of $1.21 by $0.03. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.28 EPS. On average, sell-side analysts anticipate that Duke Energy Corp will post 4.94 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be given a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s payout ratio is presently 78.60%.
In other news, EVP Lloyd M. Yates sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $88.51, for a total value of $309,785.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,700 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total transaction of $146,064.00. Following the completion of the transaction, the senior vice president now owns 6,091 shares of the company’s stock, valued at $523,338.72. The disclosure for this sale can be found here. Insiders sold a total of 22,731 shares of company stock valued at $2,027,567 over the last 90 days. Corporate 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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