Bbva Compass Bancshares Inc. Has $533,000 Position in Duke Energy Corp (DUK)

Bbva Compass Bancshares Inc. cut its position in Duke Energy Corp (NYSE:DUK) by 11.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,926 shares of the utilities provider’s stock after selling 736 shares during the quarter. Bbva Compass Bancshares Inc.’s holdings in Duke Energy were worth $533,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DUK. HC Financial Advisors Inc. grew its stake in shares of Duke Energy by 445.9% during the third quarter. HC Financial Advisors Inc. now owns 20,099 shares of the utilities provider’s stock worth $1,608,000 after purchasing an additional 16,417 shares in the last quarter. Morgan Stanley grew its stake in shares of Duke Energy by 13.8% during the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock worth $303,498,000 after purchasing an additional 460,092 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Duke Energy by 2.9% during the third quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock worth $4,355,880,000 after purchasing an additional 1,539,841 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in shares of Duke Energy during the fourth quarter worth $246,000. Finally, Rockland Trust Co. grew its stake in shares of Duke Energy by 18.5% during the fourth quarter. Rockland Trust Co. now owns 5,528 shares of the utilities provider’s stock worth $477,000 after purchasing an additional 862 shares in the last quarter. 61.10% of the stock is owned by institutional investors and hedge funds.

In related news, COO Dhiaa M. Jamil sold 750 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $89.75, for a total value of $67,312.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dwight L. Jacobs sold 1,700 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total transaction of $146,064.00. Following the completion of the sale, the senior vice president now directly owns 6,091 shares of the company’s stock, valued at $523,338.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,950 shares of company stock valued at $2,046,942. 0.09% of the stock is owned by corporate insiders.

A number of brokerages recently commented on DUK. Morgan Stanley boosted their target price on shares of Duke Energy from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday. Bank of America downgraded shares of Duke Energy from a “neutral” rating to an “underperform” rating in a research note on Monday, May 13th. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Credit Suisse Group downgraded shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $86.90.

Shares of DUK opened at $87.20 on Friday. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.67. The firm has a market capitalization of $63.19 billion, a P/E ratio of 18.47, a P/E/G ratio of 3.62 and a beta of 0.06. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.75 and a quick ratio of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same period in the previous year, the company earned $1.28 earnings per share. Duke Energy’s quarterly revenue was up .5% compared to the same quarter last year. As a group, sell-side analysts predict that Duke Energy Corp will post 4.94 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be given a $0.9275 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.71 dividend on an annualized basis and a yield of 4.25%. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.

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Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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