Duke Energy Corporation (DUK) Stake Lowered by New Mexico Educational Retirement Board
New Mexico Educational Retirement Board cut its position in Duke Energy Corporation (NYSE:DUK) by 3.7% during the first quarter, Holdings Channel reports. The institutional investor owned 70,910 shares of the utilities provider’s stock after selling 2,700 shares during the period. New Mexico Educational Retirement Board’s holdings in Duke Energy Corporation were worth $5,815,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Pinnacle Bank bought a new position in Duke Energy Corporation during the first quarter worth approximately $104,000. Sunbelt Securities Inc. bought a new position in Duke Energy Corporation during the fourth quarter worth approximately $118,000. North Star Investment Management Corp. raised its position in Duke Energy Corporation by 26.2% in the first quarter. North Star Investment Management Corp. now owns 1,552 shares of the utilities provider’s stock worth $127,000 after buying an additional 322 shares in the last quarter. Nicolet Bankshares Inc. raised its position in Duke Energy Corporation by 379.2% in the first quarter. Nicolet Bankshares Inc. now owns 1,730 shares of the utilities provider’s stock worth $142,000 after buying an additional 1,369 shares in the last quarter. Finally, Baystate Wealth Management LLC bought a new position in Duke Energy Corporation during the first quarter worth approximately $142,000. 56.45% of the stock is currently owned by institutional investors.
Shares of Duke Energy Corporation (NYSE:DUK) opened at 87.14 on Friday. The stock’s 50 day moving average price is $84.36 and its 200 day moving average price is $80.54. Duke Energy Corporation has a 12-month low of $72.34 and a 12-month high of $87.75. The company has a market cap of $60.99 billion, a P/E ratio of 27.79 and a beta of 0.26.
Duke Energy Corporation (NYSE:DUK) last released its earnings results on Tuesday, May 9th. The utilities provider reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.01. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy Corporation had a return on equity of 7.87% and a net margin of 9.17%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. On average, analysts forecast that Duke Energy Corporation will post $4.60 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 16th. Stockholders of record on Friday, May 19th were paid a $0.855 dividend. This represents a $3.42 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Wednesday, May 17th. This is a boost from Duke Energy Corporation’s previous quarterly dividend of $0.19. Duke Energy Corporation’s dividend payout ratio (DPR) is presently 109.27%.
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Several equities analysts have issued reports on DUK shares. BMO Capital Markets reissued a “hold” rating and issued a $81.00 price target on shares of Duke Energy Corporation in a research note on Friday, April 28th. Barclays PLC reissued a “neutral” rating on shares of Duke Energy Corporation in a research note on Sunday, February 19th. Zacks Investment Research raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Royal Bank Of Canada reissued a “buy” rating and issued a $86.00 price target on shares of Duke Energy Corporation in a research note on Friday, March 17th. Finally, Deutsche Bank AG boosted their price target on Duke Energy Corporation from $81.00 to $83.00 and gave the company a “hold” rating in a research note on Tuesday, April 11th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $81.19.
In other news, Director E Marie Mckee sold 1,937 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $85.29, for a total value of $165,206.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore F. Craver, Jr. bought 3,500 shares of the stock in a transaction dated Monday, May 15th. The stock was purchased at an average price of $83.73 per share, with a total value of $293,055.00. Following the purchase, the director now owns 5,706 shares in the company, valued at $477,763.38. The disclosure for this purchase can be found here. Company insiders own 0.07% of the company’s stock.
About Duke Energy Corporation
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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