Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in shares of Duke Energy Corporation (NYSE:DUK) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 110,064 shares of the utilities provider’s stock after selling 11,436 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Duke Energy Corporation were worth $9,026,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board boosted its stake in Duke Energy Corporation by 191.8% in the first quarter. Canada Pension Plan Investment Board now owns 1,602,472 shares of the utilities provider’s stock valued at $131,419,000 after buying an additional 1,053,262 shares during the period. Wells Fargo & Company MN boosted its stake in Duke Energy Corporation by 22.0% in the first quarter. Wells Fargo & Company MN now owns 3,640,404 shares of the utilities provider’s stock valued at $298,551,000 after buying an additional 656,042 shares during the period. Swiss National Bank boosted its stake in Duke Energy Corporation by 21.9% in the first quarter. Swiss National Bank now owns 3,093,691 shares of the utilities provider’s stock valued at $253,714,000 after buying an additional 555,000 shares during the period. British Airways Pensions Investment Management Ltd acquired a new stake in Duke Energy Corporation during the first quarter valued at about $40,443,000. Finally, Karp Capital Management Corp acquired a new stake in Duke Energy Corporation during the first quarter valued at about $25,363,000. Institutional investors and hedge funds own 55.79% of the company’s stock.
Shares of Duke Energy Corporation (NYSE DUK) traded down 0.03% during midday trading on Friday, hitting $86.48. The stock had a trading volume of 2,599,641 shares. Duke Energy Corporation has a one year low of $72.34 and a one year high of $87.75. The firm has a 50 day moving average of $84.87 and a 200-day moving average of $82.44. The company has a market cap of $60.53 billion, a P/E ratio of 27.58 and a beta of 0.24.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $1.01 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.01. Duke Energy Corporation had a net margin of 9.89% and a return on equity of 7.72%. The business had revenue of $5.56 billion for the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the business earned $1.07 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts forecast that Duke Energy Corporation will post $4.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Friday, August 18th will be paid a dividend of $0.89 per share. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, August 16th. This is a positive change from Duke Energy Corporation’s previous quarterly dividend of $0.86. Duke Energy Corporation’s dividend payout ratio (DPR) is currently 101.48%.
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A number of brokerages have recently weighed in on DUK. BMO Capital Markets reaffirmed a “hold” rating and issued a $87.00 price objective (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday. BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Morgan Stanley reiterated an “equal weight” rating and issued a $87.00 target price (down from $91.00) on shares of Duke Energy Corporation in a report on Monday, July 10th. Zacks Investment Research upgraded Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, July 11th. Finally, Deutsche Bank AG lifted their target price on Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. Duke Energy Corporation presently has a consensus rating of “Hold” and an average price target of $82.51.
In other Duke Energy Corporation news, Director E Marie Mckee sold 1,937 shares of Duke Energy Corporation stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $85.29, for a total value of $165,206.73. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John H. Forsgren sold 2,190 shares of Duke Energy Corporation stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $82.86, for a total transaction of $181,463.40. The disclosure for this sale can be found here. Insiders own 0.07% of the company’s stock.
About Duke Energy Corporation
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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