Duke Energy Co. (NYSE:DUK) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lowered its holdings in shares of Duke Energy Co. (NYSE:DUKFree Report) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,755 shares of the utilities provider’s stock after selling 947 shares during the period. TIAA Trust National Association’s holdings in Duke Energy were worth $3,858,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Sugarloaf Wealth Management LLC lifted its stake in shares of Duke Energy by 13.9% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after acquiring an additional 344 shares during the period. Catalyst Financial Partners LLC lifted its stake in shares of Duke Energy by 28.6% in the 3rd quarter. Catalyst Financial Partners LLC now owns 4,023 shares of the utilities provider’s stock worth $355,000 after acquiring an additional 894 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in shares of Duke Energy by 4.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after acquiring an additional 1,122 shares during the period. Wagner Wealth Management LLC lifted its stake in shares of Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after acquiring an additional 576 shares during the period. Finally, Adviser Investments LLC purchased a new position in shares of Duke Energy in the 3rd quarter valued at about $304,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $96.55 on Wednesday. The company has a market cap of $74.48 billion, a PE ratio of 27.20, a price-to-earnings-growth ratio of 2.57 and a beta of 0.46. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $100.39. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49. The company has a 50-day simple moving average of $94.07 and a 200-day simple moving average of $92.97.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings results 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 firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Dividend Announcement

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

Insider Buying and Selling

In related news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 of the company’s stock, valued at $1,315,697.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DUK shares. Wells Fargo & Company cut their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Royal Bank of Canada upgraded shares of 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. BMO Capital Markets dropped their target price on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, February 12th. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and raised their target price for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, KeyCorp raised their target price on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

View Our Latest Research Report on DUK

Duke Energy Company 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.

Read More

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUKFree Report).

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.