Trust Co. of Toledo NA OH Purchases 7,637 Shares of Duke Energy Co. (NYSE:DUK)

Trust Co. of Toledo NA OH boosted its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 28.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,953 shares of the utilities provider's stock after purchasing an additional 7,637 shares during the quarter. Trust Co. of Toledo NA OH's holdings in Duke Energy were worth $4,263,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock worth $7,852,731,000 after purchasing an additional 779,054 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Duke Energy by 0.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock valued at $1,949,857,000 after acquiring an additional 124,863 shares during the period. Geode Capital Management LLC raised its holdings in Duke Energy by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock valued at $1,930,833,000 after acquiring an additional 385,612 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Duke Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock worth $922,529,000 after acquiring an additional 135,665 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Duke Energy by 4.4% during the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider's stock worth $916,168,000 after purchasing an additional 357,967 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

DUK stock traded down $0.53 during midday trading on Friday, reaching $116.75. 2,789,470 shares of the company's stock traded hands, compared to its average volume of 3,458,523. The company has a 50-day simple moving average of $118.15 and a two-hundred day simple moving average of $114.93. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 1-year low of $99.21 and a 1-year high of $125.27. The company has a market cap of $90.75 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.79 and a beta of 0.37.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates 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 9.50% and a net margin of 14.90%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.44 earnings per share. On average, analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.58%. Duke Energy's payout ratio is 69.32%.

Analyst Ratings Changes

Several brokerages recently commented on DUK. Morgan Stanley reduced their target price on Duke Energy from $126.00 to $125.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Guggenheim increased their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Wells Fargo & Company lifted their target price on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Raymond James started coverage on shares of Duke Energy in a research report on Friday. They issued a "market perform" rating for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $125.81.

Duke Energy Company 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.