Duke Energy Co. (NYSE:DUK) Shares Sold by Washington Capital Management Inc.

Washington Capital Management Inc. reduced its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 8.0% during the 4th quarter, Holdings Channel reports. The firm owned 5,775 shares of the utilities provider’s stock after selling 500 shares during the quarter. Washington Capital Management Inc.’s holdings in Duke Energy were worth $560,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after acquiring an additional 1,002,157 shares in the last quarter. Morgan Stanley lifted its position in shares of Duke Energy by 4.9% in the third quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock valued at $923,907,000 after acquiring an additional 492,011 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Duke Energy by 2.7% in the second quarter. Royal Bank of Canada now owns 9,635,102 shares of the utilities provider’s stock valued at $864,652,000 after acquiring an additional 257,665 shares in the last quarter. Northern Trust Corp lifted its position in shares of Duke Energy by 1.9% in the third quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock valued at $698,923,000 after acquiring an additional 144,612 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in Duke Energy by 100,433.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock worth $808,123,000 after buying an additional 7,838,811 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DUK shares. Evercore ISI upgraded Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Royal Bank of Canada upgraded Duke Energy from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. Wells Fargo & Company reduced their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. BMO Capital Markets reduced their price objective on Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Finally, KeyCorp lifted their price objective on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

View Our Latest Report on Duke Energy

Duke Energy Price Performance

NYSE:DUK opened at $96.71 on Friday. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $100.39. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50. The stock’s fifty day moving average is $94.05 and its two-hundred day moving average is $92.96. The company has a market capitalization of $74.61 billion, a P/E ratio of 27.24, a P/E/G ratio of 2.58 and a beta of 0.46.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. Equities analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, February 16th were paid a $1.025 dividend. The ex-dividend date was Thursday, February 15th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.24%. Duke Energy’s payout ratio is presently 115.49%.

Duke Energy Company Profile

(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.

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

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