Kentucky Retirement Systems Insurance Trust Fund reduced its stake in Duke Energy Corporation (NYSE:DUK - Free Report) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,444 shares of the utilities provider's stock after selling 2,557 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Duke Energy were worth $2,737,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Bcwm LLC bought a new position in Duke Energy in the 4th quarter worth $9,815,000. Bailard Inc. raised its holdings in Duke Energy by 10.9% during the fourth quarter. Bailard Inc. now owns 31,921 shares of the utilities provider's stock valued at $3,439,000 after acquiring an additional 3,139 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Duke Energy by 25.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 35,755 shares of the utilities provider's stock valued at $3,852,000 after acquiring an additional 7,319 shares during the period. First Business Financial Services Inc. bought a new stake in Duke Energy during the fourth quarter valued at about $384,000. Finally, Alley Investment Management Company LLC raised its holdings in Duke Energy by 36.4% during the fourth quarter. Alley Investment Management Company LLC now owns 76,477 shares of the utilities provider's stock valued at $8,240,000 after acquiring an additional 20,414 shares during the period. 65.31% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price target on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. UBS Group reissued a "neutral" rating and set a $127.00 price target (up from $126.00) on shares of Duke Energy in a report on Monday, June 2nd. Guggenheim raised their price target on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Citigroup raised their price target on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley cut their price objective on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and an average target price of $125.75.
Get Our Latest Report on Duke Energy
Duke Energy Trading Up 0.7%
DUK opened at $115.42 on Friday. The firm has a market cap of $89.71 billion, a P/E ratio of 19.14, a P/E/G ratio of 2.88 and a beta of 0.37. Duke Energy Corporation has a 12 month low of $99.21 and a 12 month high of $125.27. The company has a current ratio of 0.77, a quick ratio of 0.50 and a debt-to-equity ratio of 1.57. The stock has a 50-day moving average of $117.95 and a 200 day moving average of $114.91.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.59 by $0.17. The company had revenue of $8.25 billion during the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $1.44 earnings per share. As a group, research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.
Duke Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 16th were given a $1.045 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.18 annualized dividend and a yield of 3.62%. Duke Energy's dividend payout ratio is currently 69.32%.
About Duke Energy
(
Free Report)
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.
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