Chevy Chase Trust Holdings LLC Sells 3,408 Shares of Duke Energy Co. (NYSE:DUK)

Chevy Chase Trust Holdings LLC cut its stake in Duke Energy Co. (NYSE:DUK) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,412 shares of the utilities provider’s stock after selling 3,408 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of Duke Energy worth $41,625,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. AA Financial Advisors LLC bought a new position in shares of Duke Energy during the 1st quarter worth approximately $414,000. GSA Capital Partners LLP bought a new position in shares of Duke Energy during the 1st quarter worth approximately $592,000. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in shares of Duke Energy by 63.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock worth $4,324,000 after buying an additional 17,420 shares in the last quarter. Cincinnati Insurance Co. boosted its holdings in shares of Duke Energy by 51.8% during the 1st quarter. Cincinnati Insurance Co. now owns 794,816 shares of the utilities provider’s stock worth $76,867,000 after buying an additional 271,216 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. boosted its holdings in shares of Duke Energy by 2.0% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,320 shares of the utilities provider’s stock worth $805,000 after buying an additional 165 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Performance

Shares of NYSE DUK traded up $1.63 during mid-day trading on Wednesday, reaching $102.57. 1,506,380 shares of the company’s stock were exchanged, compared to its average volume of 2,902,330. The firm has a market capitalization of $79.16 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 2.76 and a beta of 0.45. Duke Energy Co. has a 52 week low of $83.06 and a 52 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 firm has a 50-day moving average price of $101.61 and a two-hundred day moving average price of $97.61.

Duke Energy (NYSE:DUK) last announced 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 return on equity of 9.25% and a net margin of 10.78%. The business had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the previous year, the business posted $1.20 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were issued a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s payout ratio is 103.02%.

Insider Transactions at Duke Energy

In other news, CEO Lynn J. Good sold 15,000 shares of the business’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 of the company’s stock, valued at $45,190,031.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the sale, the executive vice president now owns 68,657 shares in the company, valued at $7,057,253.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,695 shares of company stock valued at $2,750,815. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of recent research reports. KeyCorp increased their target price on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Mizuho increased their target price on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Bank of America increased their target price on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. BMO Capital Markets increased their price target on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Finally, Barclays increased their price target on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

Duke Energy 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.