Duke Energy Co. (NYSE:DUK) Stake Reduced by Moody National Bank Trust Division

Moody National Bank Trust Division decreased its holdings in Duke Energy Co. (NYSE:DUK – Get Rating) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,902 shares of the utilities provider’s stock after selling 1,686 shares during the quarter. Moody National Bank Trust Division’s holdings in Duke Energy were worth $2,893,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Masso Torrence Wealth Management Inc. acquired a new stake in shares of Duke Energy in the fourth quarter valued at $33,000. Quent Capital LLC purchased a new stake in Duke Energy in the 4th quarter worth about $35,000. Econ Financial Services Corp acquired a new position in Duke Energy in the 4th quarter worth about $38,000. Chilton Capital Management LLC acquired a new position in Duke Energy in the 4th quarter worth about $40,000. Finally, Western Pacific Wealth Management LP acquired a new position in shares of Duke Energy during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 62.35% of the company’s stock.

In other news, CFO Steven K. Young sold 415 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $112.55, for a total value of $46,708.25. Following the completion of the transaction, the chief financial officer now directly owns 114,487 shares in the company, valued at approximately $12,885,511.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

A number of analysts have commented on the company. Credit Suisse Group reduced their price objective on Duke Energy from $125.00 to $117.00 in a research report on Tuesday, May 10th. KeyCorp lifted their target price on Duke Energy from $119.00 to $121.00 and gave the company an “overweight” rating in a research note on Wednesday, April 20th. Morgan Stanley decreased their price objective on Duke Energy from $123.00 to $119.00 and set an “equal weight” rating for the company in a research note on Monday, May 23rd. Citigroup began coverage on Duke Energy in a report on Tuesday, March 22nd. They set a “buy” rating and a $120.00 target price on the stock. Finally, StockNews.com started coverage on Duke Energy in a report on Thursday, March 31st. They set a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Duke Energy currently has an average rating of “Hold” and a consensus target price of $112.55.

NYSE DUK traded up $0.27 on Wednesday, hitting $99.48. 10,073 shares of the company’s stock were exchanged, compared to its average volume of 2,723,334. The stock has a 50-day moving average of $110.01 and a 200-day moving average of $106.44. The company has a current ratio of 0.72, a quick ratio of 0.51 and a debt-to-equity ratio of 1.26. Duke Energy Co. has a 52 week low of $95.48 and a 52 week high of $116.33. The stock has a market cap of $76.59 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 2.95 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 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 business had revenue of $7.13 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts predict that Duke Energy Co. will post 5.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Friday, May 13th were paid a $0.985 dividend. This represents a $3.94 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Thursday, May 12th. Duke Energy’s payout ratio is 82.77%.

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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