AMG National Trust Bank Has $1.52 Million Holdings in Duke Energy Co. (NYSE:DUK)

AMG National Trust Bank decreased its stake in Duke Energy Co. (NYSE:DUKFree Report) by 1.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 15,708 shares of the utilities provider’s stock after selling 234 shares during the period. AMG National Trust Bank’s holdings in Duke Energy were worth $1,524,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DUK. Wellington Management Group LLP raised its stake in shares of Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after acquiring an additional 1,002,157 shares during the last quarter. International Assets Investment Management LLC raised its position in Duke Energy by 9,164.0% in 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 purchasing an additional 968,723 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Duke Energy by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock worth $799,599,000 after purchasing an additional 842,458 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Duke Energy by 242.3% in the fourth quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider’s stock valued at $101,348,000 after buying an additional 739,112 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Duke Energy by 11.0% in the third quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after buying an additional 715,069 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Activity at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction dated Tuesday, May 14th. The stock was 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. Over the last three months, insiders sold 26,695 shares of company stock valued at $2,750,815. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on DUK shares. Mizuho raised their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Barclays increased their price objective 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 raised their price target on Duke Energy from $104.00 to $108.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $90.00 to $108.00 in a report on Tuesday, January 23rd. Finally, Scotiabank reduced their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $101.31.

Get Our Latest Stock Analysis on DUK

Duke Energy Stock Up 1.0 %

Shares of NYSE:DUK traded up $1.05 during mid-day trading on Friday, reaching $103.89. 3,694,076 shares of the stock were exchanged, compared to its average volume of 3,095,000. The stock’s 50 day simple moving average is $97.58 and its 200-day simple moving average is $95.16. Duke Energy Co. has a one year low of $83.06 and a one year high of $103.93. The company has a market cap of $80.18 billion, a P/E ratio of 26.10, a P/E/G ratio of 2.77 and a beta of 0.45. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period last year, the company earned $1.20 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio is currently 103.02%.

Duke Energy Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUKFree Report).

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.