Hallmark Capital Management Inc. grew its position in Duke Energy Corp (NYSE:DUK) by 14.5% in the 1st quarter, Holdings Channel reports. The firm owned 23,360 shares of the utilities provider’s stock after buying an additional 2,953 shares during the period. Hallmark Capital Management Inc.’s holdings in Duke Energy were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Mercantile Trust Co. boosted its holdings in shares of Duke Energy by 69.4% in the fourth quarter. First Mercantile Trust Co. now owns 1,050 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 430 shares in the last quarter. Ffcm LLC boosted its holdings in shares of Duke Energy by 12.8% in the fourth quarter. Ffcm LLC now owns 34,758 shares of the utilities provider’s stock valued at $3,000,000 after acquiring an additional 3,947 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of Duke Energy by 3.9% in the first quarter. Prime Capital Investment Advisors LLC now owns 5,545 shares of the utilities provider’s stock valued at $499,000 after acquiring an additional 209 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Duke Energy by 4.7% in the fourth quarter. Northern Trust Corp now owns 9,338,113 shares of the utilities provider’s stock valued at $805,879,000 after acquiring an additional 415,434 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Duke Energy by 10.7% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 1,580 shares of the utilities provider’s stock valued at $136,000 after acquiring an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 60.22% of the company’s stock.

Shares of NYSE:DUK opened at $85.61 on Friday. The company has a market cap of $62.27 billion, a P/E ratio of 18.14, a price-to-earnings-growth ratio of 3.57 and a beta of 0.06. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.67. The company has a quick ratio of 0.49, a current ratio of 0.75 and a debt-to-equity ratio of 1.25.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.03. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. As a group, sell-side analysts anticipate that Duke Energy Corp will post 4.94 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be given a $0.9275 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.71 annualized dividend and a dividend yield of 4.33%. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.

DUK has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Duke Energy from a “sell” rating to a “hold” rating and set a $90.00 price objective for the company in a report on Friday. Morgan Stanley increased their price objective on shares of Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a report on Tuesday, February 12th. Credit Suisse Group cut shares of Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Bank of America cut shares of Duke Energy from a “neutral” rating to an “underperform” rating in a report on Monday, May 13th. Finally, JPMorgan Chase & Co. set a $90.00 target price on shares of Duke Energy and gave the stock a “hold” rating in a report on Monday, May 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $87.60.

In related news, SVP Dwight L. Jacobs sold 1,700 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the completion of the sale, the senior vice president now owns 6,091 shares in the company, valued at approximately $523,338.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director E Marie Mckee sold 1,781 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $87.37, for a total transaction of $155,605.97. Following the completion of the sale, the director now owns 1 shares of the company’s stock, valued at approximately $87.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,598 shares of company stock valued at $752,989. 0.09% of the stock is owned by insiders.

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About Duke Energy

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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

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