Usca Ria LLC Has $1.36 Million Position in Duke Energy (DUK)

Usca Ria LLC increased its stake in shares of Duke Energy (NYSE:DUK) by 539.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,548 shares of the utilities provider’s stock after buying an additional 14,804 shares during the quarter. Usca Ria LLC’s holdings in Duke Energy were worth $1,359,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Duke Energy by 0.9% in the 4th quarter. BlackRock Inc. now owns 45,499,220 shares of the utilities provider’s stock valued at $3,826,940,000 after purchasing an additional 424,604 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Duke Energy by 23.7% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 19,423,147 shares of the utilities provider’s stock valued at $1,504,711,000 after purchasing an additional 3,718,916 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Duke Energy by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 7,495,715 shares of the utilities provider’s stock valued at $629,156,000 after purchasing an additional 165,972 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Duke Energy by 1.2% in the 4th quarter. Deutsche Bank AG now owns 6,427,804 shares of the utilities provider’s stock valued at $540,637,000 after purchasing an additional 78,580 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Duke Energy by 69.3% in the 4th quarter. Renaissance Technologies LLC now owns 4,302,017 shares of the utilities provider’s stock valued at $361,843,000 after purchasing an additional 1,760,350 shares in the last quarter. 57.45% of the stock is currently owned by institutional investors and hedge funds.

In other news, COO Dhiaa M. Jamil sold 3,800 shares of the stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $76.98, for a total value of $292,524.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Marie Mckee sold 2,006 shares of the stock in a transaction on Monday, May 14th. The shares were sold at an average price of $77.49, for a total value of $155,444.94. The disclosure for this sale can be found here. Insiders sold a total of 5,894 shares of company stock valued at $454,703 over the last quarter. 0.07% of the stock is owned by corporate insiders.

DUK has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $83.00 target price (down previously from $85.00) on shares of Duke Energy in a report on Thursday, March 8th. Deutsche Bank raised Duke Energy from a “hold” rating to a “buy” rating and raised their target price for the company from $77.22 to $86.00 in a report on Monday, February 26th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $90.00 target price on shares of Duke Energy in a report on Wednesday, March 14th. SunTrust Banks reaffirmed a “hold” rating and issued a $82.00 target price on shares of Duke Energy in a report on Monday, April 23rd. Finally, Bank of America raised their target price on Duke Energy from $79.00 to $81.00 and gave the company a “neutral” rating in a report on Wednesday, April 18th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $84.29.

Shares of Duke Energy opened at $73.80 on Friday, according to MarketBeat. Duke Energy has a 52 week low of $72.93 and a 52 week high of $91.80. The firm has a market capitalization of $51.98 billion, a PE ratio of 16.15, a PEG ratio of 4.03 and a beta of 0.10. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.64 and a quick ratio of 0.39.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, May 10th. The utilities provider reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.14. Duke Energy had a return on equity of 8.10% and a net margin of 12.33%. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the prior year, the company earned $1.04 EPS. Duke Energy’s revenue was up 7.6% compared to the same quarter last year. analysts expect that Duke Energy will post 4.71 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, May 18th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, May 17th. Duke Energy’s payout ratio is 77.90%.

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; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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

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