First National Bank of Omaha cut its stake in shares of Duke Energy Co. (NYSE:DUK) by 0.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,914 shares of the utilities provider’s stock after selling 163 shares during the period. First National Bank of Omaha’s holdings in Duke Energy were worth $5,301,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC increased its stake in Duke Energy by 166.0% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 266 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 166 shares in the last quarter. Simon Quick Advisors LLC boosted its stake in Duke Energy by 161.2% in the 4th quarter. Simon Quick Advisors LLC now owns 269 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 166 shares during the period. Greenhouse Wealth Management LLC purchased a new position in Duke Energy during the 4th quarter worth approximately $25,000. Defined Wealth Management LLC purchased a new stake in shares of Duke Energy in the fourth quarter valued at $26,000. Finally, Brand Asset Management Group Inc. boosted its position in shares of Duke Energy by 85.3% in the first quarter. Brand Asset Management Group Inc. now owns 289 shares of the utilities provider’s stock worth $28,000 after buying an additional 133 shares during the period. 63.48% of the stock is owned by institutional investors and hedge funds.
Shares of Duke Energy stock traded up $0.59 on Friday, reaching $102.86. The stock had a trading volume of 4,136,476 shares, compared to its average volume of 3,390,726. Duke Energy Co. has a fifty-two week low of $77.58 and a fifty-two week high of $108.00. The business’s 50-day moving average price is $99.96 and its two-hundred day moving average price is $93.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.33 and a current ratio of 0.52. The stock has a market cap of $79.12 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 4.88 and a beta of 0.23.
Duke Energy (NYSE:DUK) last released its earnings results on Sunday, May 9th. The utilities provider reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.02. Duke Energy had a net margin of 8.68% and a return on equity of 8.28%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the business earned $1.14 EPS. The business’s revenue was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that Duke Energy Co. will post 5.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Friday, May 14th will be given a $0.965 dividend. The ex-dividend date is Thursday, May 13th. This represents a $3.86 annualized dividend and a dividend yield of 3.75%. Duke Energy’s dividend payout ratio is 76.28%.
In other news, COO Dhiaa M. Jamil sold 7,000 shares of the company’s stock in a transaction dated Wednesday, May 19th. The shares were sold at an average price of $100.18, for a total transaction of $701,260.00. Following the completion of the transaction, the chief operating officer now owns 46,582 shares of the company’s stock, valued at $4,666,584.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dwight L. Jacobs sold 1,802 shares of the stock in a transaction dated Tuesday, February 23rd. The shares were sold at an average price of $89.35, for a total transaction of $161,008.70. Following the completion of the sale, the senior vice president now owns 5,794 shares of the company’s stock, valued at approximately $517,693.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,385 shares of company stock worth $1,224,546. 0.11% of the stock is currently owned by corporate insiders.
DUK has been the subject of a number of research reports. Barclays raised their price objective on Duke Energy from $102.00 to $108.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 28th. Mizuho boosted their price objective on shares of Duke Energy from $96.00 to $105.00 and gave the company a “neutral” rating in a research report on Tuesday. Morgan Stanley cut their price objective on Duke Energy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Tuesday. KeyCorp reduced their price target on Duke Energy from $106.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, April 27th. Finally, Wells Fargo & Company lifted their target price on shares of Duke Energy from $97.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 20th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and a consensus target price of $102.73.
Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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