IFC Holdings Incorporated FL Increases Position in Duke Energy Corp (DUK)
IFC Holdings Incorporated FL boosted its stake in Duke Energy Corp (NYSE:DUK) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,055 shares of the utilities provider’s stock after buying an additional 1,097 shares during the period. IFC Holdings Incorporated FL’s holdings in Duke Energy Corp were worth $1,315,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurich Insurance Group Ltd FI increased its position in shares of Duke Energy Corp by 98.3% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 110,027 shares of the utilities provider’s stock worth $8,540,000 after buying an additional 54,552 shares in the last quarter. Ally Financial Inc. acquired a new stake in Duke Energy Corp during the fourth quarter worth $1,941,000. Wells Fargo & Company MN boosted its stake in Duke Energy Corp by 6.5% in the third quarter. Wells Fargo & Company MN now owns 3,070,654 shares of the utilities provider’s stock worth $245,775,000 after buying an additional 187,853 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Duke Energy Corp by 115.6% in the third quarter. Chicago Partners Investment Group LLC now owns 19,956 shares of the utilities provider’s stock worth $1,597,000 after buying an additional 10,700 shares during the last quarter. Finally, Physicians Financial Services Inc. boosted its stake in Duke Energy Corp by 1.3% in the third quarter. Physicians Financial Services Inc. now owns 20,549 shares of the utilities provider’s stock worth $1,644,000 after buying an additional 255 shares during the last quarter. Institutional investors and hedge funds own 57.01% of the company’s stock.
Duke Energy Corp (NYSE:DUK) traded down 0.18% during midday trading on Friday, hitting $83.10. The stock had a trading volume of 942,869 shares. The stock has a 50-day moving average price of $82.59 and a 200 day moving average price of $79.17. Duke Energy Corp has a 12-month low of $72.34 and a 12-month high of $87.75. The firm has a market cap of $58.16 billion, a P/E ratio of 26.50 and a beta of 0.14.
Duke Energy Corp (NYSE:DUK) last released its earnings results on Tuesday, May 9th. The utilities provider reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. Duke Energy Corp had a net margin of 12.27% and a return on equity of 8.20%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the prior year, the business earned $1.13 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts anticipate that Duke Energy Corp will post $4.61 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 16th. Investors of record on Friday, May 19th will be paid a dividend of $0.855 per share. The ex-dividend date is Wednesday, May 17th. This is a positive change from Duke Energy Corp’s previous quarterly dividend of $0.19. This represents a $3.42 annualized dividend and a yield of 4.11%. Duke Energy Corp’s dividend payout ratio is currently 82.61%.
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A number of analysts have recently weighed in on the company. BMO Capital Markets reissued a “hold” rating and issued a $85.00 price objective on shares of Duke Energy Corp in a research report on Wednesday, May 10th. Zacks Investment Research cut Duke Energy Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 25th. Barclays PLC reaffirmed an “equal weight” rating and set a $88.00 price target (up previously from $82.00) on shares of Duke Energy Corp in a research report on Sunday, April 23rd. Deutsche Bank AG boosted their price objective on Duke Energy Corp from $81.00 to $83.00 and gave the company a “hold” rating in a report on Tuesday, April 11th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $86.00 price objective on shares of Duke Energy Corp in a report on Friday, March 17th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $81.19.
In other news, Director Theodore F. Craver, Jr. purchased 3,500 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were acquired at an average price of $83.73 per share, for a total transaction of $293,055.00. Following the completion of the acquisition, the director now directly owns 5,706 shares of the company’s stock, valued at $477,763.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $81.78, for a total transaction of $817,800.00. Following the sale, the executive vice president now owns 37,175 shares in the company, valued at approximately $3,040,171.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,790 shares of company stock valued at $3,097,173. Company insiders own 0.08% of the company’s stock.
About Duke Energy Corp
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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