Meiji Yasuda Asset Management Co Ltd. increased its stake in Duke Energy Corp (NYSE:DUK) by 1.8% in the 1st quarter, Holdings Channel reports. The firm owned 51,149 shares of the utilities provider’s stock after purchasing an additional 900 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Duke Energy were worth $4,603,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of DUK. Canton Hathaway LLC acquired a new position in shares of Duke Energy during the first quarter worth approximately $25,000. Harvest Group Wealth Management LLC acquired a new position in shares of Duke Energy during the first quarter worth approximately $26,000. Proficio Capital Partners LLC lifted its holdings in shares of Duke Energy by 59.0% during the fourth quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after buying an additional 164 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Duke Energy during the first quarter worth approximately $39,000. Finally, Glassman Wealth Services lifted its holdings in shares of Duke Energy by 35.2% during the first quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after buying an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 60.18% of the company’s stock.
In other Duke Energy news, Director E Marie Mckee sold 1,781 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $87.37, for a total value of $155,605.97. Following the sale, the director now directly owns 1 shares in the company, valued at $87.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lloyd M. Yates sold 5,117 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total value of $451,319.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,598 shares of company stock worth $752,989. 0.09% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on the company. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Bank of America upped their price target on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, March 11th. JPMorgan Chase & Co. set a $90.00 price target on Duke Energy and gave the stock a “hold” rating in a report on Monday, May 20th. Zacks Investment Research lowered Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Finally, KeyCorp assumed coverage on Duke Energy in a report on Tuesday, June 4th. They set a “sector weight” rating for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Duke Energy currently has an average rating of “Hold” and an average price target of $87.60.
Shares of DUK traded up $0.97 on Wednesday, reaching $86.61. 123,984 shares of the stock traded hands, compared to its average volume of 3,326,926. The stock has a market cap of $62.72 billion, a PE ratio of 18.34, a P/E/G ratio of 3.66 and a beta of 0.13. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. Duke Energy Corp has a 12 month low of $71.98 and a 12 month high of $91.67.
Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The business had revenue of $6.16 billion for 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%. Duke Energy’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $1.28 earnings per share. Equities analysts forecast that Duke Energy Corp will post 4.91 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio is presently 78.60%.
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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