IFM Investors Pty Ltd Has $25.21 Million Stock Position in Duke Energy Co. (NYSE:DUK)

IFM Investors Pty Ltd boosted its stake in shares of Duke Energy Co. (NYSE:DUKGet Rating) by 124.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 225,734 shares of the utilities provider’s stock after buying an additional 125,353 shares during the period. IFM Investors Pty Ltd’s holdings in Duke Energy were worth $25,205,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DUK. Xponance Inc. raised its holdings in shares of Duke Energy by 24.5% in the fourth quarter. Xponance Inc. now owns 48,285 shares of the utilities provider’s stock valued at $5,065,000 after purchasing an additional 9,495 shares during the last quarter. C2C Wealth Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $550,000. Raymond James & Associates raised its holdings in shares of Duke Energy by 4.5% in the fourth quarter. Raymond James & Associates now owns 1,411,610 shares of the utilities provider’s stock valued at $148,078,000 after purchasing an additional 60,924 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $163,000. Finally, Empirical Finance LLC grew its stake in shares of Duke Energy by 37.9% in the fourth quarter. Empirical Finance LLC now owns 12,977 shares of the utilities provider’s stock valued at $1,361,000 after buying an additional 3,564 shares in the last quarter. 62.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Steven K. Young sold 415 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $107.75, for a total value of $44,716.25. Following the completion of the transaction, the chief financial officer now owns 114,072 shares of the company’s stock, valued at $12,291,258. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

Duke Energy Trading Up 0.9 %

Shares of Duke Energy stock opened at $109.93 on Monday. The stock has a market cap of $84.64 billion, a PE ratio of 23.09, a PEG ratio of 3.27 and a beta of 0.35. The firm has a 50-day moving average of $107.00 and a 200-day moving average of $107.06. Duke Energy Co. has a 52-week low of $95.48 and a 52-week high of $116.33. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.51 and a current ratio of 0.72.

Duke Energy (NYSE:DUKGet Rating) last posted its quarterly earnings results on Monday, May 9th. The utilities provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The company had revenue of $7.13 billion during the quarter, compared to analyst estimates of $6.32 billion. Duke Energy had a net margin of 14.47% and a return on equity of 8.52%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $1.26 EPS. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.45 EPS for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 12th will be paid a $1.005 dividend. The ex-dividend date is Thursday, August 11th. This represents a $4.02 annualized dividend and a dividend yield of 3.66%. This is an increase from Duke Energy’s previous quarterly dividend of $0.99. Duke Energy’s dividend payout ratio is currently 82.77%.

Wall Street Analyst Weigh In

DUK has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of Duke Energy from $107.00 to $114.00 and gave the company an “equal weight” rating in a research note on Thursday, July 21st. KeyCorp decreased their target price on shares of Duke Energy from $121.00 to $116.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Wells Fargo & Company raised their target price on shares of Duke Energy from $109.00 to $120.00 in a research note on Tuesday, May 10th. Credit Suisse Group reduced their price objective on shares of Duke Energy from $125.00 to $117.00 in a research report on Tuesday, May 10th. Finally, UBS Group cut shares of Duke Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $122.00 to $112.00 in a research report on Thursday, June 30th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $112.18.

About Duke Energy

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Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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

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