International Assets Investment Management LLC Trims Position in Duke Energy Co. (NYSE:DUK)

International Assets Investment Management LLC decreased its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 19.9% in the first quarter, HoldingsChannel.com reports. The fund owned 8,084 shares of the utilities provider’s stock after selling 2,008 shares during the period. International Assets Investment Management LLC’s holdings in Duke Energy were worth $777,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in Duke Energy during the fourth quarter valued at $26,000. Private Wealth Management Group LLC purchased a new stake in Duke Energy in the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Duke Energy during the fourth quarter valued at approximately $31,000. Versant Capital Management Inc boosted its position in shares of Duke Energy by 46.6% in the 1st quarter. Versant Capital Management Inc now owns 368 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 117 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new position in Duke Energy during the 4th quarter valued at approximately $39,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK traded down $0.26 on Friday, reaching $99.84. The company’s stock had a trading volume of 4,986,006 shares, compared to its average volume of 2,366,838. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $104.87. The stock has a market capitalization of $77.05 billion, a P/E ratio of 25.09, a PEG ratio of 2.75 and a beta of 0.45. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The stock’s 50 day simple moving average is $100.83 and its two-hundred day simple moving average is $97.24.

Duke Energy (NYSE:DUKGet Free Report) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. The company had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. Duke Energy’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. Research analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were paid a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is 103.02%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DUK shares. KeyCorp raised their price target on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Mizuho upped their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. BMO Capital Markets boosted their price objective on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Bank of America increased their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Barclays upped their price target on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.75.

Check Out Our Latest Report on DUK

Insider Buying and Selling

In other news, Director E Marie Mckee sold 1,695 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now directly owns 4 shares in the company, valued at $409.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director E Marie Mckee sold 1,695 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now directly owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,695 shares of company stock valued at $2,750,815. Company insiders own 0.10% of the company’s stock.

About Duke Energy

(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.

See Also

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

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