Mn Services Vermogensbeheer B.V. cut its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 284,300 shares of the utilities provider's stock after selling 19,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Duke Energy were worth $34,676,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Optas LLC lifted its stake in Duke Energy by 8.5% during the first quarter. Optas LLC now owns 2,830 shares of the utilities provider's stock worth $345,000 after purchasing an additional 221 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in Duke Energy by 34.9% during the first quarter. Exchange Traded Concepts LLC now owns 266,337 shares of the utilities provider's stock worth $32,485,000 after purchasing an additional 68,939 shares during the last quarter. Sound Income Strategies LLC lifted its stake in Duke Energy by 25.2% during the first quarter. Sound Income Strategies LLC now owns 1,907 shares of the utilities provider's stock worth $233,000 after purchasing an additional 384 shares during the last quarter. Ritholtz Wealth Management lifted its stake in Duke Energy by 45.5% during the first quarter. Ritholtz Wealth Management now owns 10,488 shares of the utilities provider's stock worth $1,279,000 after purchasing an additional 3,280 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in Duke Energy by 3.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 25,588 shares of the utilities provider's stock worth $3,121,000 after purchasing an additional 866 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.
Duke Energy Trading Down 0.5%
NYSE:DUK traded down $0.53 during trading hours on Friday, hitting $116.75. 2,789,470 shares of the company were exchanged, compared to its average volume of 3,458,523. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The company has a fifty day simple moving average of $118.15 and a 200 day simple moving average of $114.93. Duke Energy Co. has a one year low of $99.21 and a one year high of $125.27. The stock has a market capitalization of $90.75 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.37.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The firm had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period last year, the business posted $1.44 EPS. The business's revenue was up 7.5% compared to the same quarter last year. Sell-side analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.045 per share. The ex-dividend date is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.58%. Duke Energy's payout ratio is currently 69.32%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. Morgan Stanley dropped their price target on Duke Energy from $126.00 to $125.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Wells Fargo & Company increased their price target on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Citigroup increased their price target on Duke Energy from $130.00 to $142.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. increased their price target on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Finally, Raymond James assumed coverage on Duke Energy in a research note on Friday. They issued a "market perform" rating for the company. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.81.
Get Our Latest Analysis on Duke Energy
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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