Coastline Trust Co Makes New $206,000 Investment in Duke Energy Co. (NYSE:DUK)

Coastline Trust Co bought a new position in Duke Energy Co. (NYSE:DUKFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,125 shares of the utilities provider’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Fairfield Bush & CO. purchased a new position in shares of Duke Energy in the first quarter worth approximately $40,000. Cibc World Market Inc. increased its position in shares of Duke Energy by 1.2% in the first quarter. Cibc World Market Inc. now owns 47,250 shares of the utilities provider’s stock worth $5,276,000 after acquiring an additional 581 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Duke Energy by 29.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,751 shares of the utilities provider’s stock worth $1,089,000 after acquiring an additional 2,223 shares in the last quarter. Covestor Ltd grew its position in Duke Energy by 447.8% during the first quarter. Covestor Ltd now owns 1,260 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 1,030 shares in the last quarter. Finally, Mather Group LLC. grew its position in Duke Energy by 5.2% during the first quarter. Mather Group LLC. now owns 6,505 shares of the utilities provider’s stock valued at $726,000 after purchasing an additional 322 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

NYSE:DUK opened at $95.96 on Thursday. The stock has a market cap of $74.03 billion, a P/E ratio of 27.03, a PEG ratio of 2.57 and a beta of 0.46. Duke Energy Co. has a one year low of $83.06 and a one year high of $100.39. The company has a fifty day moving average price of $94.12 and a 200 day moving average price of $93.00. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.74 and a quick ratio of 0.49.

Duke Energy (NYSE:DUKGet Free Report) last released its earnings results on Thursday, February 8th. The utilities provider reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. Duke Energy’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.11 earnings per share. Analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 16th were issued a $1.025 dividend. This represents a $4.10 annualized dividend and a yield of 4.27%. The ex-dividend date was Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is presently 115.49%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $101.00 to $113.00 in a research report on Wednesday, January 10th. Bank of America downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $105.00 to $96.00 in a research report on Monday, February 12th. BMO Capital Markets decreased their target price on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Finally, KeyCorp boosted their target price on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $100.00.

Check Out Our Latest Analysis on Duke Energy

Duke Energy Profile

(Free Report)

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.

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

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