Sumitomo Mitsui DS Asset Management Company Ltd Has $13.13 Million Stock Position in Duke Energy Corporation (NYSE:DUK)

by · The Cerbat Gem

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Duke Energy Corporation (NYSE:DUK – Free Report) by 5.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,675 shares of the utilities provider’s stock after buying an additional 5,391 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Duke Energy were worth $13,133,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clear Creek Financial Management LLC increased its holdings in shares of Duke Energy by 3.7% in the first quarter. Clear Creek Financial Management LLC now owns 2,441 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 86 shares during the last quarter. RKL Wealth Management LLC bought a new position in shares of Duke Energy during the first quarter worth approximately $415,000. Vontobel Holding Ltd. raised its position in shares of Duke Energy by 1.3% in the first quarter. Vontobel Holding Ltd. now owns 42,533 shares of the utilities provider’s stock valued at $5,188,000 after buying an additional 539 shares in the last quarter. Mather Group LLC. raised its holdings in Duke Energy by 127.1% in the 1st quarter. Mather Group LLC. now owns 13,583 shares of the utilities provider’s stock valued at $1,657,000 after acquiring an additional 7,603 shares in the last quarter. Finally, Alta Advisers Ltd lifted its position in Duke Energy by 56.0% during the first quarter. Alta Advisers Ltd now owns 3,900 shares of the utilities provider’s stock worth $476,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.7%

DUK stock opened at $118.84 on Wednesday. The firm has a market capitalization of $92.37 billion, a PE ratio of 19.71, a P/E/G ratio of 2.95 and a beta of 0.37. The stock’s 50 day moving average is $117.41 and its 200-day moving average is $115.22. Duke Energy Corporation has a twelve month low of $99.21 and a twelve month high of $125.27. 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 (NYSE:DUK – Get Free Report) last announced its 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. The firm had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.44 EPS. Sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company 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. The ex-dividend date was Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.52%. Duke Energy’s payout ratio is presently 69.32%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DUK. Morgan Stanley cut their target price on Duke Energy from $125.00 to $124.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 18th. The Goldman Sachs Group raised shares of Duke Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $125.00 to $132.00 in a report on Wednesday, June 25th. UBS Group reissued a “neutral” rating and issued a $127.00 price target (up previously from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. Citigroup boosted their target price on shares of Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company increased their price target on Duke Energy from $127.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.88.

Get Our Latest Analysis on DUK

About Duke Energy

(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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