Duke Energy Co. (NYSE:DUK) Shares Acquired by TIAA Trust National Association

TIAA Trust National Association lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 255.7% during the second quarter, Holdings Channel reports. The firm owned 137,496 shares of the utilities provider’s stock after acquiring an additional 98,846 shares during the quarter. TIAA Trust National Association’s holdings in Duke Energy were worth $13,781,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in DUK. SeaCrest Wealth Management LLC increased its position in Duke Energy by 1.6% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 98 shares during the period. Indiana Trust & Investment Management CO increased its position in Duke Energy by 4.9% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 2,147 shares of the utilities provider’s stock worth $215,000 after purchasing an additional 100 shares during the period. Sound Income Strategies LLC increased its position in Duke Energy by 6.5% during the 2nd quarter. Sound Income Strategies LLC now owns 1,706 shares of the utilities provider’s stock worth $171,000 after purchasing an additional 104 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in Duke Energy by 3.3% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,390 shares of the utilities provider’s stock worth $328,000 after purchasing an additional 109 shares during the period. Finally, Breakwater Capital Group increased its position in Duke Energy by 3.9% during the 1st quarter. Breakwater Capital Group now owns 2,912 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 1.6 %

DUK stock opened at $115.82 on Wednesday. The company has a market cap of $89.44 billion, a price-to-earnings ratio of 29.10, a PEG ratio of 3.13 and a beta of 0.45. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $108.52 and a 200-day simple moving average of $101.72. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $116.67.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period in the prior year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts expect that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be issued a $1.045 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend is Friday, August 16th. Duke Energy’s dividend payout ratio is currently 105.03%.

Wall Street Analyst Weigh In

DUK has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on Duke Energy from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Morgan Stanley boosted their price target on Duke Energy from $99.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Royal Bank of Canada reissued an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Bank of America upped their target price on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, KeyCorp upped their target price on Duke Energy from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Hold” and an average target price of $113.92.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

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.