Duke Energy Co. (NYSE:DUK) Shares Purchased by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC increased its holdings in shares of Duke Energy Co. (NYSE:DUKGet Rating) by 18.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,622 shares of the utilities provider’s stock after acquiring an additional 403 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Duke Energy were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DUK. BlackRock Inc. boosted its holdings in Duke Energy by 0.6% in the 4th quarter. BlackRock Inc. now owns 53,412,420 shares of the utilities provider’s stock valued at $5,602,963,000 after purchasing an additional 299,355 shares during the last quarter. State Street Corp boosted its holdings in Duke Energy by 0.8% in the 4th quarter. State Street Corp now owns 39,365,840 shares of the utilities provider’s stock valued at $4,129,477,000 after purchasing an additional 321,440 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Duke Energy by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 13,041,850 shares of the utilities provider’s stock valued at $1,364,219,000 after purchasing an additional 393,044 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Duke Energy by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,149,388 shares of the utilities provider’s stock valued at $749,973,000 after purchasing an additional 752,817 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Duke Energy by 3.5% in the 4th quarter. Capital World Investors now owns 3,830,000 shares of the utilities provider’s stock valued at $401,767,000 after purchasing an additional 130,000 shares during the last quarter. Hedge funds and other institutional investors own 62.35% of the company’s stock.

Shares of DUK opened at $100.16 on Thursday. Duke Energy Co. has a fifty-two week low of $95.48 and a fifty-two week high of $116.33. The firm’s 50 day moving average price is $109.71 and its 200 day moving average price is $106.40. The company has a market cap of $77.11 billion, a P/E ratio of 21.04, a PEG ratio of 2.99 and a beta of 0.34. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 1.26.

Duke Energy (NYSE:DUKGet Rating) last announced its quarterly earnings data on Monday, May 9th. The utilities provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). Duke Energy had a net margin of 14.47% and a return on equity of 8.52%. The firm had revenue of $7.13 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the previous year, the business posted $1.26 earnings per share. Duke Energy’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts forecast that Duke Energy Co. will post 5.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Friday, May 13th were issued a $0.985 dividend. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $3.94 dividend on an annualized basis and a dividend yield of 3.93%. Duke Energy’s payout ratio is 82.77%.

In other news, CFO Steven K. Young sold 415 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $112.55, for a total value of $46,708.25. Following the sale, the chief financial officer now directly owns 114,487 shares in the company, valued at approximately $12,885,511.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Several research firms have weighed in on DUK. Citigroup began coverage on shares of Duke Energy in a report on Tuesday, March 22nd. They issued a “buy” rating and a $120.00 target price on the stock. Morgan Stanley decreased their price objective on shares of Duke Energy from $123.00 to $119.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Wells Fargo & Company upped their price objective on shares of Duke Energy from $109.00 to $120.00 in a report on Tuesday, May 10th. StockNews.com began coverage on shares of Duke Energy in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Credit Suisse Group decreased their price objective on shares of Duke Energy from $125.00 to $117.00 in a report on Tuesday, May 10th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $112.55.

Duke Energy Company Profile (Get Rating)

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 generation, and nuclear fuel to generate electricity.

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

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