Intrust Bank NA Has $932,000 Stock Position in Duke Energy Corporation $DUK

Intrust Bank NA cut its stake in shares of Duke Energy Corporation (NYSE:DUK) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,896 shares of the utilities provider’s stock after selling 469 shares during the period. Intrust Bank NA’s holdings in Duke Energy were worth $932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC increased its stake in shares of Duke Energy by 17,880.0% in the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares during the last quarter. Nuveen LLC bought a new stake in Duke Energy in the first quarter valued at approximately $702,351,000. Raymond James Financial Inc. raised its holdings in Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after purchasing an additional 2,276,948 shares during the period. Vanguard Group Inc. boosted its position in shares of Duke Energy by 2.3% during the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after purchasing an additional 1,676,061 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after buying an additional 885,900 shares during the period. Institutional investors own 65.31% of the company’s stock.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on DUK shares. Evercore ISI assumed coverage on Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 target price on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a report on Thursday. Jefferies Financial Group increased their target price on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada raised shares of Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Finally, Cowen began coverage on shares of Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.63.

Duke Energy Trading Up 1.9%

NYSE:DUK opened at $125.08 on Tuesday. The company has a market cap of $97.27 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The business has a 50 day moving average price of $124.26 and a two-hundred day moving average price of $120.94. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same quarter in the previous year, the firm posted $1.62 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is currently 66.98%.

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.