Pinnacle Bancorp Inc. Grows Stock Position in Duke Energy Co. (NYSE:DUK)

Pinnacle Bancorp Inc. increased its holdings in Duke Energy Co. (NYSE:DUK) by 37.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,919 shares of the utilities provider’s stock after buying an additional 796 shares during the period. Pinnacle Bancorp Inc.’s holdings in Duke Energy were worth $282,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in Duke Energy by 233.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,253 shares of the utilities provider’s stock valued at $1,523,000 after acquiring an additional 12,073 shares in the last quarter. Operose Advisors LLC increased its position in shares of Duke Energy by 263.2% during the 3rd quarter. Operose Advisors LLC now owns 868 shares of the utilities provider’s stock valued at $77,000 after purchasing an additional 629 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Duke Energy by 20.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 82,161 shares of the utilities provider’s stock valued at $7,252,000 after buying an additional 13,991 shares during the period. Mutual Advisors LLC raised its position in Duke Energy by 2.2% in the third quarter. Mutual Advisors LLC now owns 27,060 shares of the utilities provider’s stock worth $2,388,000 after acquiring an additional 577 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Duke Energy by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 338,885 shares of the utilities provider’s stock worth $29,910,000 after acquiring an additional 1,720 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.4 %

NYSE DUK traded down $0.37 during trading on Friday, hitting $100.22. The company’s stock had a trading volume of 3,898,632 shares, compared to its average volume of 2,951,670. The company has a market cap of $77.35 billion, a PE ratio of 25.18, a P/E/G ratio of 2.75 and a beta of 0.45. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $104.87. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The business’s 50 day simple moving average is $101.37 and its 200-day simple moving average is $97.43.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were given a $1.025 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a yield of 4.09%. Duke Energy’s dividend payout ratio is currently 103.02%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Mizuho lifted their target price on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Morgan Stanley reduced their target price on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Monday. KeyCorp lifted their price target on shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets increased their price objective on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. Finally, Scotiabank lowered 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $102.33.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares in the company, valued at approximately $45,190,031.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lynn J. Good sold 15,000 shares of the 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 completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock valued at $2,750,815 over the last 90 days. 0.10% of the stock is owned by insiders.

Duke Energy Company 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.