1ST Source Bank Buys 561 Shares of Duke Energy Co. (NYSE:DUK)

1ST Source Bank raised its position in Duke Energy Co. (NYSE:DUK) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,181 shares of the utilities provider’s stock after purchasing an additional 561 shares during the period. 1ST Source Bank’s holdings in Duke Energy were worth $1,121,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DUK. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after acquiring an additional 324,289 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Duke Energy by 3.2% in the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after purchasing an additional 352,320 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Duke Energy by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 8,113,443 shares of the utilities provider’s stock worth $787,328,000 after buying an additional 42,782 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Duke Energy by 3.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,351,533 shares of the utilities provider’s stock valued at $228,193,000 after acquiring an additional 84,227 shares in the last quarter. Finally, Capital Wealth Planning LLC raised its holdings in shares of Duke Energy by 1.6% in the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock valued at $190,845,000 after purchasing an additional 31,309 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Duke Energy Stock Performance

Duke Energy stock opened at $117.31 on Friday. The business’s 50-day moving average price is $111.20 and its two-hundred day moving average price is $102.95. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $118.18. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The stock has a market cap of $90.54 billion, a PE ratio of 29.47, a P/E/G ratio of 3.19 and a beta of 0.47.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period last year, the company earned $0.91 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be given a dividend of $1.045 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, August 16th. Duke Energy’s dividend payout ratio (DPR) is currently 105.03%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays upped their target price on Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Morgan Stanley lifted their target price on shares of Duke Energy from $99.00 to $114.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Finally, KeyCorp raised their target price on shares of Duke Energy from $114.00 to $117.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $113.92.

About Duke Energy

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.