Tokio Marine Asset Management Co. Ltd. Purchases 1,194 Shares of Duke Energy Corporation (NYSE:DUK)

Tokio Marine Asset Management Co. Ltd. raised its position in Duke Energy Corporation (NYSE:DUK) by 3.3% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 37,159 shares of the utilities provider’s stock after buying an additional 1,194 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Duke Energy were worth $4,532,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after buying an additional 1,676,061 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after buying an additional 93,699 shares during the period. Royal Bank of Canada grew its holdings in shares of Duke Energy by 4.4% during the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider’s stock valued at $916,168,000 after purchasing an additional 357,967 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Duke Energy by 6.7% during the 4th quarter. Northern Trust Corp now owns 8,001,073 shares of the utilities provider’s stock valued at $862,036,000 after purchasing an additional 499,652 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Duke Energy during the 1st quarter valued at approximately $702,351,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 1.0%

Shares of NYSE DUK opened at $125.73 on Thursday. The company has a market capitalization of $97.77 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 3.00 and a beta of 0.36. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $127.85. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company’s 50 day moving average price is $118.75 and its 200-day moving average price is $117.80.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The firm had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. Equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be given a $1.065 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.05. The ex-dividend date is Friday, August 15th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is presently 67.97%.

Insider Activity

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on DUK. UBS Group reaffirmed a “neutral” rating and set a $127.00 price target (up from $124.00) on shares of Duke Energy in a report on Friday, July 11th. Wells Fargo & Company lifted their price target on shares of Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $122.00 to $127.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Barclays reaffirmed an “overweight” rating and set a $131.00 price target (up from $122.00) on shares of Duke Energy in a report on Wednesday. Finally, Scotiabank lifted their target price on shares of Duke Energy from $120.00 to $128.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 6th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.80.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.