Keybank National Association OH Has $53.18 Million Stock Position in Duke Energy Corporation $DUK

Keybank National Association OH increased its stake in Duke Energy Corporation (NYSE:DUK) by 3.7% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 406,142 shares of the utilities provider’s stock after purchasing an additional 14,381 shares during the quarter. Keybank National Association OH’s holdings in Duke Energy were worth $53,180,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Basso Capital Management L.P. bought a new position in shares of Duke Energy in the 4th quarter valued at about $25,000. Dorato Capital Management acquired a new stake in Duke Energy in the 4th quarter valued at about $26,000. Evolution Wealth Management Inc. grew its holdings in Duke Energy by 1,111.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 200 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in Duke Energy in the third quarter valued at approximately $27,000. Finally, Triumph Capital Management lifted its position in shares of Duke Energy by 68.6% in the fourth quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after buying an additional 94 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

In other Duke Energy news, CEO Harry K. Sideris sold 20,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $124.37, for a total value of $2,487,400.00. Following the completion of the sale, the chief executive officer owned 96,102 shares of the company’s stock, valued at $11,952,205.74. The trade was a 17.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Louis E. Renjel sold 3,500 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $125.15, for a total transaction of $438,025.00. Following the transaction, the chief executive officer owned 21,415 shares in the company, valued at approximately $2,680,087.25. The trade was a 14.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Duke Energy Stock Performance

NYSE:DUK opened at $129.44 on Friday. The stock has a 50 day simple moving average of $124.97 and a 200 day simple moving average of $124.75. The stock has a market cap of $100.91 billion, a P/E ratio of 19.82 and a beta of 0.38. Duke Energy Corporation has a 1-year low of $113.89 and a 1-year high of $134.49. The company has a current ratio of 0.66, a quick ratio of 0.44 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period in the prior year, the firm posted $1.76 EPS. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Research analysts anticipate that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Friday, May 15th were paid a $1.065 dividend. The ex-dividend date was Friday, May 15th. This represents a $4.26 annualized dividend and a yield of 3.3%. Duke Energy’s payout ratio is 65.24%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DUK. Capitol Sec Mgt lowered Duke Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. JPMorgan Chase & Co. cut their price target on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a report on Wednesday, May 13th. Mizuho reduced their price objective on shares of Duke Energy from $139.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, June 18th. Jefferies Financial Group dropped their price objective on shares of Duke Energy from $143.00 to $138.00 in a research report on Monday, May 11th. Finally, BTIG Research restated a “buy” rating and set a $139.00 target price on shares of Duke Energy in a research note on Tuesday, June 2nd. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $138.33.

About Duke Energy

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.