KBC Group NV Acquires 1,600 Shares of Duke Energy Co. (NYSE:DUK)

KBC Group NV grew its holdings in shares of Duke Energy Co. (NYSE:DUKFree Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,605 shares of the utilities provider’s stock after acquiring an additional 1,600 shares during the quarter. KBC Group NV’s holdings in Duke Energy were worth $4,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Sugarloaf Wealth Management LLC grew its position in Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after acquiring an additional 344 shares during the last quarter. Howard Wealth Management LLC acquired a new position in shares of Duke Energy in the fourth quarter valued at approximately $219,000. Dynamic Advisor Solutions LLC raised its holdings in Duke Energy by 4.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after buying an additional 1,122 shares during the last quarter. Western Pacific Wealth Management LP grew its holdings in Duke Energy by 39.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock worth $226,000 after acquiring an additional 657 shares during the last quarter. Finally, Wagner Wealth Management LLC increased its position in Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after acquiring an additional 576 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK opened at $102.86 on Friday. The stock has a 50-day moving average of $99.70 and a 200-day moving average of $96.43. The company has a market cap of $79.38 billion, a PE ratio of 25.84, a P/E/G ratio of 2.87 and a beta of 0.45. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. Duke Energy Co. has a one year low of $83.06 and a one year high of $104.87.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the business posted $1.20 EPS. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a $1.025 dividend. This represents a $4.10 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Thursday, May 16th. Duke Energy’s payout ratio is 103.02%.

Insider Activity

In related news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the completion of the transaction, the director now owns 4 shares in the company, valued at $409.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the sale, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock valued at $2,750,815 over the last three months. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DUK. Barclays boosted their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. BMO Capital Markets raised their price objective on Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Mizuho increased their target price on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Bank of America boosted their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, KeyCorp increased their price objective on shares of Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $102.46.

Read Our Latest Analysis on DUK

About Duke Energy

(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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