Ensign Peak Advisors Inc boosted its position in shares of Duke Energy Corp (NYSE:DUK) by 13.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,126,436 shares of the utilities provider’s stock after purchasing an additional 130,218 shares during the quarter. Ensign Peak Advisors Inc owned 0.15% of Duke Energy worth $91,106,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of Duke Energy by 165.8% in the 4th quarter. Capital Research Global Investors now owns 5,332,225 shares of the utilities provider’s stock valued at $486,352,000 after buying an additional 3,325,943 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Duke Energy by 13.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 24,280,449 shares of the utilities provider’s stock valued at $2,214,620,000 after acquiring an additional 2,961,767 shares during the period. State Street Corp increased its holdings in shares of Duke Energy by 5.6% in the fourth quarter. State Street Corp now owns 39,854,611 shares of the utilities provider’s stock worth $3,635,139,000 after acquiring an additional 2,103,077 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of Duke Energy by 158.6% during the fourth quarter. Cohen & Steers Inc. now owns 2,174,229 shares of the utilities provider’s stock worth $198,311,000 after purchasing an additional 1,333,385 shares during the period. Finally, FMR LLC lifted its holdings in shares of Duke Energy by 18.9% during the 4th quarter. FMR LLC now owns 8,311,495 shares of the utilities provider’s stock valued at $758,091,000 after purchasing an additional 1,323,754 shares in the last quarter. 64.19% of the stock is owned by hedge funds and other institutional investors.
NYSE:DUK traded up $0.40 on Tuesday, hitting $83.63. 164,705 shares of the company’s stock were exchanged, compared to its average volume of 3,480,649. The firm has a 50-day moving average price of $84.43 and a 200-day moving average price of $89.21. 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 company has a market cap of $61.09 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 3.46 and a beta of 0.33.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th will be given a dividend of $0.945 per share. This represents a $3.78 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend is Thursday, May 14th. Duke Energy’s dividend payout ratio (DPR) is 74.70%.
In other news, CEO Lynn J. Good sold 16,400 shares of Duke Energy stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $91.86, for a total transaction of $1,506,504.00. Following the completion of the transaction, the chief executive officer now directly owns 302,325 shares in the company, valued at approximately $27,771,574.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Harry K. Sideris sold 1,285 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $80.42, for a total value of $103,339.70. Following the transaction, the senior vice president now directly owns 5,396 shares in the company, valued at $433,946.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,213 shares of company stock worth $1,652,221. Company insiders own 0.11% of the company’s stock.
Several analysts have commented on the stock. Credit Suisse Group upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $96.00 to $108.00 in a report on Tuesday, February 18th. UBS Group dropped their price objective on shares of Duke Energy from $113.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Vertical Research assumed coverage on shares of Duke Energy in a research report on Monday, February 24th. They issued a “buy” rating and a $112.00 price objective on the stock. Barclays lowered their target price on Duke Energy from $104.00 to $79.00 and set an “equal weight” rating for the company in a report on Thursday, March 26th. Finally, Bank of America reissued a “neutral” rating and issued a $83.00 price target (down previously from $93.00) on shares of Duke Energy in a research note on Wednesday, May 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Duke Energy presently has an average rating of “Hold” and a consensus target price of $93.29.
About Duke Energy
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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