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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings 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 valued at $2,030,865,000 after purchasing an additional 1,002,157 shares during the last quarter. Morgan Stanley boosted its holdings in Duke Energy by 4.9% in the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock valued at $923,907,000 after purchasing an additional 492,011 shares during the last quarter. Royal Bank of Canada boosted its holdings in Duke Energy by 2.7% in 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 purchasing an additional 257,665 shares during the last quarter. Northern Trust Corp boosted its holdings in Duke Energy by 1.9% in the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock valued at $698,923,000 after purchasing an additional 144,612 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Duke Energy by 100,433.2% in 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 purchasing an additional 7,838,811 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the 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 approximately $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Shares of DUK opened at $96.55 on Wednesday. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $100.39. The firm’s 50 day moving average price is $94.07 and its 200 day moving average price is $92.97. The company has a market cap of $74.48 billion, a P/E ratio of 27.20, a PEG ratio of 2.57 and a beta of 0.46. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

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 net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same period in the prior year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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

Analyst Ratings Changes

DUK has been the topic of several recent analyst reports. KeyCorp boosted 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. Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $105.00 to $96.00 in a report on Monday, February 12th. Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Wells Fargo & Company decreased their price objective on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Finally, BMO Capital Markets decreased their price objective on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

View Our Latest Analysis on Duke Energy

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.

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

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