Sawyer & Company Inc Raises Position in Duke Energy Corp (DUK)

Sawyer & Company Inc increased its stake in shares of Duke Energy Corp (NYSE:DUK) by 19.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,015 shares of the utilities provider’s stock after acquiring an additional 1,630 shares during the quarter. Sawyer & Company Inc’s holdings in Duke Energy were worth $901,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its position in Duke Energy by 8,422.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,521,173 shares of the utilities provider’s stock valued at $76,000 after purchasing an additional 6,444,652 shares during the last quarter. FMR LLC lifted its position in Duke Energy by 41.8% during the fourth quarter. FMR LLC now owns 7,411,128 shares of the utilities provider’s stock valued at $639,581,000 after purchasing an additional 2,186,456 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Duke Energy by 941.3% during the fourth quarter. Canada Pension Plan Investment Board now owns 1,856,602 shares of the utilities provider’s stock valued at $160,211,000 after purchasing an additional 1,678,300 shares during the last quarter. Vanguard Group Inc lifted its position in Duke Energy by 2.9% during the third quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after purchasing an additional 1,539,841 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Duke Energy by 2.6% during the fourth quarter. BlackRock Inc. now owns 48,270,073 shares of the utilities provider’s stock valued at $4,165,706,000 after purchasing an additional 1,226,657 shares during the last quarter. Hedge funds and other institutional investors own 61.10% of the company’s stock.

Several equities analysts have commented on the stock. Bank of America increased their price objective on shares of Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a research report on Monday, March 11th. Morgan Stanley increased their price objective on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Credit Suisse Group lowered shares of Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Duke Energy has an average rating of “Hold” and a consensus price target of $86.90.

In related news, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the transaction, the senior vice president now owns 6,091 shares of the company’s stock, valued at approximately $523,338.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Melissa H. Anderson sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total transaction of $174,980.00. Following the completion of the transaction, the executive vice president now directly owns 18,198 shares in the company, valued at approximately $1,592,143.02. The disclosure for this sale can be found here. Insiders sold a total of 22,950 shares of company stock worth $2,046,942 in the last ninety days. 0.09% of the stock is currently owned by insiders.

Shares of DUK opened at $87.20 on Monday. Duke Energy Corp has a twelve month low of $71.96 and a twelve month high of $91.67. The firm has a market capitalization of $63.49 billion, a PE ratio of 18.47, a PEG ratio of 3.64 and a beta of 0.06. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.39 billion. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities research analysts predict that Duke Energy Corp will post 4.95 earnings per share for the current 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 paid a $0.9275 dividend. This represents a $3.71 annualized dividend and a yield of 4.25%. The ex-dividend date is Thursday, May 16th. Duke Energy’s dividend payout ratio 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.

See Also: Initial Public Offering (IPO)

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

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