Forsta AP Fonden lowered its stake in Duke Energy Co. (NYSE:DUK – Get Rating) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,800 shares of the utilities provider’s stock after selling 8,800 shares during the quarter. Forsta AP Fonden’s holdings in Duke Energy were worth $14,158,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Qube Research & Technologies Ltd raised its position in Duke Energy by 720.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 544,960 shares of the utilities provider’s stock worth $57,166,000 after acquiring an additional 478,537 shares in the last quarter. Centaurus Financial Inc. raised its holdings in Duke Energy by 19.7% during the 4th quarter. Centaurus Financial Inc. now owns 5,268 shares of the utilities provider’s stock worth $553,000 after buying an additional 868 shares during the period. Mount Yale Investment Advisors LLC raised its holdings in Duke Energy by 9.1% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 3,246 shares of the utilities provider’s stock worth $341,000 after buying an additional 272 shares during the period. Pinnacle Associates Ltd. raised its holdings in Duke Energy by 7.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 22,500 shares of the utilities provider’s stock worth $2,360,000 after buying an additional 1,618 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Duke Energy by 1.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 143,973 shares of the utilities provider’s stock valued at $15,102,000 after acquiring an additional 1,823 shares during the period. Institutional investors and hedge funds own 62.35% of the company’s stock.
Insider Transactions at Duke Energy
In other news, CFO Steven K. Young sold 415 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $107.75, for a total value of $44,716.25. Following the completion of the sale, the chief financial officer now directly owns 114,072 shares in the company, valued at $12,291,258. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 1,245 shares of company stock worth $137,021. 0.10% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Duke Energy Stock Performance
DUK stock opened at $109.16 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $84.04 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 3.35 and a beta of 0.34. Duke Energy Co. has a 12 month low of $95.48 and a 12 month high of $116.33. The firm has a 50 day moving average of $106.71 and a two-hundred day moving average of $107.24.
Duke Energy (NYSE:DUK – Get Rating) last posted its earnings results on Thursday, August 4th. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.04). The business had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $5.79 billion. Duke Energy had a return on equity of 8.42% and a net margin of 14.50%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 earnings per share. As a group, equities analysts anticipate that Duke Energy Co. will post 5.45 EPS for the current fiscal year.
Duke Energy Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 12th will be paid a $1.005 dividend. This represents a $4.02 dividend on an annualized basis and a dividend yield of 3.68%. This is a boost from Duke Energy’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Thursday, August 11th. Duke Energy’s payout ratio is presently 79.76%.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.
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