MainStreet Investment Advisors LLC boosted its holdings in Duke Energy Corp (NYSE:DUK) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,386 shares of the utilities provider’s stock after purchasing an additional 1,272 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Duke Energy were worth $921,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Fiduciary Group LLC grew its position in Duke Energy by 9.1% in the 1st quarter. Fiduciary Group LLC now owns 7,541 shares of the utilities provider’s stock valued at $610,000 after purchasing an additional 626 shares during the period. Argent Trust Co grew its position in Duke Energy by 1.2% in the 1st quarter. Argent Trust Co now owns 30,021 shares of the utilities provider’s stock valued at $2,428,000 after purchasing an additional 352 shares during the period. Shell Asset Management Co. grew its position in Duke Energy by 1.9% in the 1st quarter. Shell Asset Management Co. now owns 171,176 shares of the utilities provider’s stock valued at $13,845,000 after purchasing an additional 3,117 shares during the period. Nicholas Hoffman & Company LLC. grew its position in Duke Energy by 5.8% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 20,473 shares of the utilities provider’s stock valued at $1,656,000 after purchasing an additional 1,127 shares during the period. Finally, Bedel Financial Consulting Inc. grew its position in Duke Energy by 9.5% in the 1st quarter. Bedel Financial Consulting Inc. now owns 4,482 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 390 shares during the period. 64.29% of the stock is owned by institutional investors and hedge funds.
In related news, SVP Harry K. Sideris sold 1,285 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $80.42, for a total value of $103,339.70. Following the sale, the senior vice president now directly owns 5,396 shares in the company, valued at approximately $433,946.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn J. Good sold 16,400 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $91.86, for a total value of $1,506,504.00. Following the completion of the sale, the chief executive officer now owns 302,325 shares in the company, valued at $27,771,574.50. The disclosure for this sale can be found here. Insiders sold a total of 18,213 shares of company stock worth $1,652,221 over the last 90 days. 0.11% of the stock is currently owned by company insiders.
Shares of NYSE DUK traded up $0.89 during mid-day trading on Friday, reaching $83.23. 2,760,557 shares of the company’s stock were exchanged, compared to its average volume of 3,528,815. The firm has a market capitalization of $60.44 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 3.42 and a beta of 0.33. Duke Energy Corp has a 52 week low of $62.13 and a 52 week high of $103.79. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.67 and a quick ratio of 0.45. The firm has a 50-day moving average price of $84.10 and a two-hundred day moving average price of $89.38.
Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, May 12th. The utilities provider reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.19 by ($0.05). The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $6.24 billion. Duke Energy had a return on equity of 8.13% and a net margin of 15.17%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 earnings per share. As a group, sell-side analysts forecast that Duke Energy Corp will post 5.19 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Friday, May 15th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Thursday, May 14th. Duke Energy’s dividend payout ratio is currently 74.70%.
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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