Duke Energy Co. (NYSE:DUK) Shares Sold by TIAA Trust National Association

TIAA Trust National Association decreased its holdings in Duke Energy Co. (NYSE:DUK) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,650 shares of the utilities provider’s stock after selling 1,105 shares during the quarter. TIAA Trust National Association’s holdings in Duke Energy were worth $3,738,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DUK. International Assets Investment Management LLC grew its position in Duke Energy by 9,164.0% in the fourth quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock worth $95,031,000 after buying an additional 968,723 shares during the last quarter. Assenagon Asset Management S.A. grew its position in Duke Energy by 4,163.9% in the first quarter. Assenagon Asset Management S.A. now owns 882,552 shares of the utilities provider’s stock worth $85,352,000 after buying an additional 861,854 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Duke Energy by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock worth $799,599,000 after buying an additional 842,458 shares during the last quarter. Capital Research Global Investors grew its position in Duke Energy by 4.8% during the 4th quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock worth $1,081,125,000 after purchasing an additional 509,039 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new position in Duke Energy during the 4th quarter worth approximately $41,874,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling

In related news, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now owns 4 shares in the company, valued at approximately $409.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total value of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares in the company, valued at approximately $7,057,253.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Marie Mckee sold 1,695 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the transaction, the director now owns 4 shares in the company, valued at approximately $409.24. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock worth $2,750,815 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Duke Energy Stock Up 0.6 %

Shares of DUK stock traded up $0.66 on Monday, hitting $107.58. The company’s stock had a trading volume of 762,357 shares, compared to its average volume of 2,897,361. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $108.59. The firm’s fifty day moving average price is $102.32 and its 200-day moving average price is $98.09. The stock has a market capitalization of $83.03 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.94 and a beta of 0.45.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the business earned $1.20 EPS. Duke Energy’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.89%. The ex-dividend date is Friday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. Duke Energy’s payout ratio is presently 103.02%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Bank of America lifted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Scotiabank lowered their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Mizuho lifted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, BMO Capital Markets decreased their target price on shares of Duke Energy from $110.00 to $109.00 and set an “outperform” rating for the company in a research note on Thursday, July 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $102.58.

Duke Energy 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.