Duke Energy Co. (NYSE:DUK) Stake Cut by Iowa State Bank

Iowa State Bank reduced its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 1.4% in the 4th quarter, Holdings Channel reports. The fund owned 25,008 shares of the utilities provider’s stock after selling 348 shares during the period. Iowa State Bank’s holdings in Duke Energy were worth $2,427,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DUK. Wellington Management Group LLP increased its position in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares during the last quarter. Morgan Stanley increased its position in Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after purchasing an additional 492,011 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Duke Energy by 2.7% during the 2nd quarter. Royal Bank of Canada now owns 9,635,102 shares of the utilities provider’s stock valued at $864,652,000 after acquiring an additional 257,665 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Duke Energy by 1.9% during the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock valued at $698,923,000 after acquiring an additional 144,612 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its holdings in shares of Duke Energy by 100,433.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock valued at $808,123,000 after acquiring an additional 7,838,811 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $92.57, for a total value of $277,710.00. Following the sale, the executive vice president now directly owns 14,213 shares in the company, valued at $1,315,697.41. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DUK. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. BMO Capital Markets lowered their target price on Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Royal Bank of Canada raised Duke Energy from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $101.00 to $113.00 in a report on Wednesday, January 10th. Wells Fargo & Company lowered their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $96.00 in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

View Our Latest Research Report on DUK

Duke Energy Trading Up 0.5 %

Shares of NYSE DUK traded up $0.48 during midday trading on Tuesday, hitting $96.55. The stock had a trading volume of 2,305,559 shares, compared to its average volume of 3,116,459. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. The company’s 50-day simple moving average is $94.07 and its 200 day simple moving average is $92.97. The firm has a market cap of $74.48 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 2.58 and a beta of 0.46.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period last year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 16th were issued a dividend of $1.025 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $4.10 annualized dividend and a yield of 4.25%. Duke Energy’s dividend payout ratio is presently 115.49%.

Duke Energy Profile

(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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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