Duke Energy Corporation (NYSE:DUK) Shares Sold by OLD Republic International Corp

OLD Republic International Corp trimmed its position in Duke Energy Corporation (NYSE:DUK - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 492,231 shares of the utilities provider's stock after selling 68,500 shares during the period. Duke Energy comprises about 2.3% of OLD Republic International Corp's portfolio, making the stock its 13th largest holding. OLD Republic International Corp owned approximately 0.06% of Duke Energy worth $60,037,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in shares of Duke Energy during the 1st quarter worth approximately $27,000. Mattson Financial Services LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $28,000. Vermillion Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $27,000. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $28,000. Finally, WealthTrak Capital Management LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $30,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Duke Energy in a report on Friday, June 13th. They set a "market perform" rating on the stock. Barclays decreased their price objective on Duke Energy from $123.00 to $122.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Wells Fargo & Company upped their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group set a $132.00 price objective on Duke Energy in a report on Tuesday, July 1st. Finally, BMO Capital Markets decreased their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Duke Energy has an average rating of "Moderate Buy" and an average target price of $126.88.

Duke Energy Trading Up 0.8%

NYSE:DUK traded up $0.97 during trading hours on Wednesday, reaching $117.28. 2,102,766 shares of the stock were exchanged, compared to its average volume of 3,484,121. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. The business has a 50-day moving average of $116.94 and a two-hundred day moving average of $115.57. Duke Energy Corporation has a twelve month low of $100.90 and a twelve month high of $125.27. The company has a market capitalization of $91.16 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.90 and a beta of 0.37.

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 analysts' consensus estimates of $1.59 by $0.17. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The company had revenue of $8.25 billion for the quarter, compared to analysts' expectations of $7.70 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The firm's revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 16th were paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Friday, May 16th. Duke Energy's payout ratio is currently 69.32%.

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.