Mutual of America Capital Management LLC Sells 2,301 Shares of Duke Energy Corporation (NYSE:DUK)

Mutual of America Capital Management LLC reduced its position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,226 shares of the utilities provider's stock after selling 2,301 shares during the period. Mutual of America Capital Management LLC's holdings in Duke Energy were worth $11,005,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DUK. Platform Technology Partners lifted its holdings in Duke Energy by 2.8% in the first quarter. Platform Technology Partners now owns 17,283 shares of the utilities provider's stock worth $2,108,000 after buying an additional 467 shares during the period. Arizona State Retirement System lifted its holdings in Duke Energy by 1.8% in the first quarter. Arizona State Retirement System now owns 226,702 shares of the utilities provider's stock worth $27,651,000 after buying an additional 4,063 shares during the period. Kathmere Capital Management LLC purchased a new stake in Duke Energy in the first quarter worth about $294,000. Ballentine Partners LLC lifted its holdings in Duke Energy by 7.2% in the first quarter. Ballentine Partners LLC now owns 9,853 shares of the utilities provider's stock worth $1,202,000 after buying an additional 658 shares during the period. Finally, Focused Wealth Management Inc purchased a new stake in Duke Energy in the first quarter worth about $338,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.7%

Shares of DUK traded down $0.84 on Tuesday, hitting $117.09. 2,430,508 shares of the stock traded hands, compared to its average volume of 3,473,118. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.50 and a current ratio of 0.77. Duke Energy Corporation has a one year low of $105.20 and a one year high of $125.27. The company has a market capitalization of $91.01 billion, a PE ratio of 19.42, a P/E/G ratio of 2.95 and a beta of 0.37. The business has a 50 day simple moving average of $116.74 and a 200 day simple moving average of $115.86.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The firm's revenue was up 7.5% on a year-over-year basis. As a group, equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.64%. This is an increase from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's payout ratio is 69.32%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup raised their price objective on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $122.00 to $127.00 and gave the company a "neutral" rating in a report on Tuesday. The Goldman Sachs Group set a $132.00 target price on shares of Duke Energy in a report on Tuesday, July 1st. Barclays lowered their target price on shares of Duke Energy from $123.00 to $122.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Finally, Morgan Stanley lowered their target price on shares of Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a report on Wednesday, June 18th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has an average rating of "Moderate Buy" and a consensus price target of $127.25.

About Duke Energy

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.