Octavia Wealth Advisors LLC lessened its position in Duke Energy Co. (NYSE:DUK – Get Rating) by 23.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,080 shares of the utilities provider’s stock after selling 925 shares during the period. Octavia Wealth Advisors LLC’s holdings in Duke Energy were worth $344,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of 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 in the last quarter. State Street Corp increased its holdings in shares of 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 in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Duke Energy by 11.8% during 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 acquiring an additional 752,817 shares in the last quarter. Finally, Capital World Investors increased its holdings in Duke Energy by 3.5% during the 4th quarter. Capital World Investors now owns 3,830,000 shares of the utilities provider’s stock valued at $401,767,000 after acquiring an additional 130,000 shares in the last quarter. Institutional investors and hedge funds own 62.35% of the company’s stock.
Several equities analysts have weighed in on DUK shares. Credit Suisse Group dropped their target price on shares of Duke Energy from $125.00 to $117.00 in a report on Tuesday, May 10th. KeyCorp raised their target price on shares of Duke Energy from $119.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, April 20th. UBS Group cut shares of Duke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $122.00 to $112.00 in a research note on Thursday. Morgan Stanley decreased their price target on shares of Duke Energy from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research note on Monday, May 23rd. Finally, Citigroup began coverage on shares of Duke Energy in a research note on Tuesday, March 22nd. They set a “buy” rating and a $120.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.09.
DUK opened at $109.62 on Friday. The company’s 50 day simple moving average is $108.47 and its 200 day simple moving average is $106.61. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.72. Duke Energy Co. has a 1 year low of $95.48 and a 1 year high of $116.33. The stock has a market capitalization of $84.40 billion, a PE ratio of 23.03, a P/E/G ratio of 3.15 and a beta of 0.34.
Duke Energy (NYSE:DUK – Get Rating) last released its earnings results on Monday, May 9th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.04). Duke Energy had a return on equity of 8.52% and a net margin of 14.47%. The company had revenue of $7.13 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Duke Energy’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Duke Energy Co. will post 5.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Friday, May 13th were given a dividend of $0.985 per share. The ex-dividend date was Thursday, May 12th. This represents a $3.94 dividend on an annualized basis and a yield of 3.59%. Duke Energy’s dividend payout ratio (DPR) is 82.77%.
In other Duke Energy news, CFO Steven K. Young sold 415 shares of Duke Energy stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $112.55, for a total transaction of $46,708.25. Following the transaction, the chief financial officer now directly owns 114,487 shares of the company’s stock, valued at $12,885,511.85. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.
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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