Mitsubishi UFJ Trust & Banking Corp Purchases 474,325 Shares of Duke Energy Corporation $DUK

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 21.1% in the second quarter, Holdings Channel reports. The firm owned 2,726,823 shares of the utilities provider’s stock after acquiring an additional 474,325 shares during the quarter. Duke Energy accounts for 0.7% of Mitsubishi UFJ Trust & Banking Corp’s holdings, making the stock its 16th biggest holding. Mitsubishi UFJ Trust & Banking Corp’s holdings in Duke Energy were worth $321,765,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DUK. Activest Wealth Management boosted its stake in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy during the first quarter valued at $27,000. Legacy Investment Solutions LLC bought a new stake in Duke Energy in the 2nd quarter worth about $28,000. Mascoma Wealth Management LLC raised its position in Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC lifted its stake in Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 198 shares during the period. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Barclays lifted their price target on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. UBS Group boosted their target price on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Evercore ISI started coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target on the stock. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Finally, Wells Fargo & Company upgraded Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average price target of $138.00.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $123.74 on Wednesday. The stock’s fifty day moving average is $124.02 and its 200 day moving average is $120.87. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The stock has a market cap of $96.22 billion, a P/E ratio of 20.12, a P/E/G ratio of 3.05 and a beta of 0.45.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.62 earnings per share. Sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid a $1.065 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is 66.98%.

Insider Activity at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Duke Energy Company Profile

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.