Oakworth Capital Inc. Has $707,000 Stock Position in Duke Energy Corporation (NYSE:DUK)

Oakworth Capital Inc. decreased its stake in Duke Energy Corporation (NYSE:DUK) by 28.4% during the 1st quarter, HoldingsChannel reports. The fund owned 5,800 shares of the utilities provider’s stock after selling 2,299 shares during the period. Oakworth Capital Inc.’s holdings in Duke Energy were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DUK. Vanguard Group Inc. raised its position in shares of Duke Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock valued at $7,852,731,000 after buying an additional 779,054 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Duke Energy by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider’s stock valued at $1,949,857,000 after acquiring an additional 124,863 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Duke Energy by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider’s stock worth $1,930,833,000 after acquiring an additional 385,612 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Duke Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider’s stock worth $922,529,000 after purchasing an additional 135,665 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Duke Energy by 4.4% during the fourth quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider’s stock valued at $916,168,000 after purchasing an additional 357,967 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUK has been the subject of a number of analyst reports. BMO Capital Markets cut their price target on shares of Duke Energy from $128.00 to $123.00 and set an “outperform” rating for the company in a research note on Thursday, April 10th. UBS Group restated a “neutral” rating and set a $127.00 target price (up previously from $126.00) on shares of Duke Energy in a research report on Monday, June 2nd. Citigroup upped their price target on Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Raymond James Financial assumed coverage on Duke Energy in a report on Friday, June 13th. They set a “market perform” rating for the company. Finally, Barclays upped their target price on shares of Duke Energy from $111.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $126.94.

Duke Energy Price Performance

Duke Energy stock opened at $116.39 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57. Duke Energy Corporation has a 12-month low of $99.21 and a 12-month high of $125.27. The stock has a market cap of $90.47 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 2.90 and a beta of 0.37. The business’s 50-day simple moving average is $117.62 and its 200 day simple moving average is $115.01.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.17. Duke Energy had a net margin of 15.40% and a return on equity of 9.88%. The business had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the previous year, the firm posted $1.44 earnings per share. Duke Energy’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were paid a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.59%. The ex-dividend date was Friday, May 16th. Duke Energy’s payout ratio is 69.32%.

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.