First National Bank of Omaha Has $3.40 Million Stake in Duke Energy Co. (NYSE:DUK)

First National Bank of Omaha lowered its position in Duke Energy Co. (NYSE:DUK) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,049 shares of the utilities provider’s stock after selling 4,630 shares during the period. First National Bank of Omaha’s holdings in Duke Energy were worth $3,401,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after purchasing an additional 1,002,157 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Duke Energy by 4.8% during the 4th quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock worth $1,081,125,000 after acquiring an additional 509,039 shares in the last quarter. Morgan Stanley increased its holdings in shares of Duke Energy by 4.9% during the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock valued at $923,907,000 after acquiring an additional 492,011 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Duke Energy by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock valued at $799,599,000 after acquiring an additional 842,458 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Duke Energy by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 8,113,443 shares of the utilities provider’s stock worth $787,328,000 after purchasing an additional 42,782 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other news, EVP Julia S. Janson sold 10,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock worth $2,750,815 in the last quarter. Insiders own 0.10% of the company’s stock.

Duke Energy Stock Down 0.2 %

Shares of DUK stock opened at $102.62 on Friday. The stock has a market cap of $79.20 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.45. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The stock has a fifty day moving average price of $99.81 and a 200 day moving average price of $96.52. Duke Energy Co. has a one year low of $83.06 and a one year high of $104.87.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. The business had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.025 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 4.00%. Duke Energy’s dividend payout ratio is 103.02%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DUK shares. Scotiabank reduced their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Barclays raised their price target on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. BMO Capital Markets increased their target price on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. KeyCorp lifted their price target on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Finally, Bank of America increased their price objective on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.75.

Duke Energy Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.