Nordea Investment Management AB grew its stake in shares of Duke Energy Corp (NYSE:DUK) by 1.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 35,221 shares of the utilities provider’s stock after purchasing an additional 400 shares during the period. Nordea Investment Management AB’s holdings in Duke Energy were worth $3,170,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Canton Hathaway LLC purchased a new position in Duke Energy in the first quarter valued at approximately $25,000. Harvest Group Wealth Management LLC bought a new stake in Duke Energy during the 1st quarter valued at $26,000. Thor Advisors LLC bought a new stake in Duke Energy during the 1st quarter valued at $30,000. Proficio Capital Partners LLC raised its holdings in Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 164 shares during the period. Finally, Riverview Trust Co bought a new stake in Duke Energy during the 1st quarter valued at $39,000. 60.16% of the stock is owned by hedge funds and other institutional investors.
DUK traded up $0.65 during trading on Thursday, reaching $89.79. The stock had a trading volume of 1,911,600 shares, compared to its average volume of 3,218,550. The firm’s 50-day moving average is $88.08. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. Duke Energy Corp has a one year low of $78.00 and a one year high of $91.67. The stock has a market capitalization of $64.82 billion, a PE ratio of 19.02, a PEG ratio of 3.74 and a beta of 0.14.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be issued a dividend of $0.945 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, August 15th. Duke Energy’s dividend payout ratio is currently 78.60%.
In other news, EVP Lloyd M. Yates sold 5,117 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Marie Mckee sold 1,781 shares of the stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $87.37, for a total transaction of $155,605.97. Following the sale, the director now owns 1 shares of the company’s stock, valued at $87.37. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,598 shares of company stock valued at $752,989. 0.09% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on the stock. Bank of America raised shares of Copa from a “neutral” rating to a “buy” rating in a report on Monday, May 13th. Morgan Stanley set a $18.00 target price on PG&E and gave the company a “hold” rating in a research note on Friday, June 14th. ValuEngine cut WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Zacks Investment Research cut Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. set a $90.00 target price on Duke Energy and gave the company a “hold” rating in a research note on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Duke Energy has a consensus rating of “Hold” and a consensus target price of $89.10.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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