Mufg Securities Americas Inc. Grows Position in Duke Energy Corporation $DUK

Mufg Securities Americas Inc. grew its stake in Duke Energy Corporation (NYSE:DUK) by 25.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,226 shares of the utilities provider’s stock after buying an additional 3,490 shares during the quarter. Mufg Securities Americas Inc.’s holdings in Duke Energy were worth $2,033,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DUK. Journey Strategic Wealth LLC increased its holdings in Duke Energy by 103.7% in the 2nd quarter. Journey Strategic Wealth LLC now owns 8,292 shares of the utilities provider’s stock worth $978,000 after acquiring an additional 4,222 shares in the last quarter. Mediolanum International Funds Ltd boosted its position in shares of Duke Energy by 221.4% in the second quarter. Mediolanum International Funds Ltd now owns 26,477 shares of the utilities provider’s stock worth $3,096,000 after purchasing an additional 18,239 shares during the period. Legal & General Group Plc increased its stake in shares of Duke Energy by 3.5% in the second quarter. Legal & General Group Plc now owns 6,338,489 shares of the utilities provider’s stock worth $747,942,000 after purchasing an additional 216,541 shares in the last quarter. White Pine Capital LLC bought a new stake in shares of Duke Energy during the 2nd quarter valued at $231,000. Finally, MAI Capital Management lifted its stake in shares of Duke Energy by 10.8% during the 2nd quarter. MAI Capital Management now owns 41,193 shares of the utilities provider’s stock valued at $4,861,000 after buying an additional 4,012 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Price Performance

NYSE:DUK opened at $122.78 on Friday. The business’s 50-day moving average is $124.37 and its 200 day moving average is $120.99. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03. The company has a market capitalization of $95.48 billion, a P/E ratio of 19.96, a P/E/G ratio of 3.05 and a beta of 0.45. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS. On average, equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s dividend payout ratio is presently 66.98%.

Insider Buying and Selling

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of the transaction, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This trade represents a 41.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DUK. Evercore ISI began coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target for the company. Cowen began coverage on Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Barclays lifted their target price on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Morgan Stanley reissued an “underperform” rating on shares of Duke Energy in a report on Thursday. Finally, Scotiabank set a $137.00 price target on Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.44.

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.