3,363 Shares in Duke Energy Co. (NYSE:DUK) Purchased by OMC Financial Services LTD

OMC Financial Services LTD bought a new position in Duke Energy Co. (NYSE:DUK) during the 1st quarter, Holdings Channel reports. The fund bought 3,363 shares of the utilities provider’s stock, valued at approximately $325,000.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Duke Energy by 9,164.0% during the 4th quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock valued at $95,031,000 after acquiring an additional 968,723 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Duke Energy by 4,163.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 882,552 shares of the utilities provider’s stock valued at $85,352,000 after acquiring an additional 861,854 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Duke Energy by 11.0% during 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. Capital Research Global Investors boosted its position in 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 valued at $1,081,125,000 after acquiring an additional 509,039 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC bought a new stake in Duke Energy during the 4th quarter valued at approximately $41,874,000. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America lifted 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. BMO Capital Markets dropped their price target on Duke Energy from $110.00 to $109.00 and set an “outperform” rating on the stock in a research report on Thursday, July 11th. Barclays boosted their price target on Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. KeyCorp boosted their price target on Duke Energy from $112.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Finally, Mizuho boosted their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average price target of $102.58.

Duke Energy Stock Performance

Shares of NYSE DUK traded up $1.32 during midday trading on Friday, hitting $113.92. 4,606,697 shares of the stock traded hands, compared to its average volume of 2,871,585. The firm has a 50-day moving average of $103.57 and a two-hundred day moving average of $98.84. The firm has a market capitalization of $87.92 billion, a P/E ratio of 28.62, a PEG ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. Duke Energy Co. has a one year low of $83.06 and a one year high of $116.67.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.05. The firm had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 EPS. On average, equities analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced 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 a boost from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Friday, August 16th. Duke Energy’s dividend payout ratio (DPR) is currently 103.02%.

Insider Buying and Selling

In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the sale, the director now owns 4 shares in the company, valued at approximately $409.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director E Marie Mckee sold 1,695 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now owns 4 shares of the company’s stock, valued at approximately $409.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,695 shares of company stock valued at $2,750,815. 0.10% of the stock is owned by company insiders.

About Duke Energy

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.