Cambridge Trust Co. cut its stake in Duke Energy Co. (NYSE:DUK – Get Rating) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,430 shares of the utilities provider’s stock after selling 241 shares during the quarter. Cambridge Trust Co.’s holdings in Duke Energy were worth $457,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the business. Radnor Capital Management LLC grew its position in Duke Energy by 2.5% during the fourth quarter. Radnor Capital Management LLC now owns 5,544 shares of the utilities provider’s stock valued at $572,000 after buying an additional 133 shares during the period. Brookstone Capital Management grew its position in Duke Energy by 4.9% during the fourth quarter. Brookstone Capital Management now owns 21,616 shares of the utilities provider’s stock valued at $2,274,000 after buying an additional 1,018 shares during the period. CGN Advisors LLC grew its position in Duke Energy by 56.7% during the fourth quarter. CGN Advisors LLC now owns 11,184 shares of the utilities provider’s stock valued at $1,152,000 after buying an additional 4,047 shares during the period. MinichMacGregor Wealth Management LLC bought a new stake in Duke Energy during the fourth quarter valued at approximately $51,000. Finally, Yousif Capital Management LLC grew its position in Duke Energy by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 138,917 shares of the utilities provider’s stock valued at $14,307,000 after buying an additional 2,194 shares during the period. 63.22% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on DUK shares. Royal Bank of Canada cut their target price on shares of Duke Energy from $116.00 to $112.00 and set a “sector perform” rating for the company in a research report on Thursday, February 16th. BMO Capital Markets upped their price target on shares of Duke Energy from $107.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 4th. Morgan Stanley dropped their price target on shares of Duke Energy from $108.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 22nd. StockNews.com assumed coverage on shares of Duke Energy in a research report on Thursday. They issued a “hold” rating for the company. Finally, Mizuho upped their price target on shares of Duke Energy from $100.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, December 9th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Hold” and an average target price of $106.64.
Duke Energy Price Performance
Duke Energy (NYSE:DUK – Get Rating) last released its earnings results on Thursday, February 9th. The utilities provider reported $1.11 EPS for the quarter, topping the consensus estimate of $1.06 by $0.05. Duke Energy had a net margin of 9.11% and a return on equity of 8.45%. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Duke Energy Co. will post 5.63 EPS for the current fiscal year.
Duke Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 16th. Stockholders of record on Friday, February 17th were issued a $1.005 dividend. This represents a $4.02 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Thursday, February 16th. Duke Energy’s dividend payout ratio (DPR) is presently 121.08%.
Insider Activity at Duke Energy
In related news, SVP Louis E. Renjel sold 1,900 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $99.90, for a total transaction of $189,810.00. Following the sale, the senior vice president now owns 9,967 shares of the company’s stock, valued at $995,703.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is owned by insiders.
Duke Energy Company Profile
Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities & Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in regulated electric utilities in the Carolinas, Florida and the Midwest.
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