Mutual of America Capital Management LLC Has $9.78 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Mutual of America Capital Management LLC trimmed its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,085 shares of the utilities provider’s stock after selling 2,036 shares during the period. Mutual of America Capital Management LLC’s holdings in Duke Energy were worth $9,776,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Hudock Inc. raised its position in Duke Energy by 3.6% during the first quarter. Hudock Inc. now owns 4,781 shares of the utilities provider’s stock valued at $462,000 after buying an additional 168 shares during the period. Centerpoint Advisors LLC increased its position in Duke Energy by 32.0% in the 1st quarter. Centerpoint Advisors LLC now owns 1,098 shares of the utilities provider’s stock worth $106,000 after purchasing an additional 266 shares during the last quarter. Adapt Wealth Advisors LLC acquired a new position in Duke Energy in the 1st quarter worth about $527,000. Magnolia Capital Advisors LLC acquired a new position in Duke Energy in the 1st quarter worth about $450,000. Finally, Baron Silver Stevens Financial Advisors LLC increased its position in Duke Energy by 7.3% in the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 3,213 shares of the utilities provider’s stock worth $311,000 after purchasing an additional 219 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Duke Energy

In related news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the sale, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director E Marie Mckee sold 1,695 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now directly owns 4 shares in the company, valued at approximately $409.24. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock valued at $2,750,815 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DUK shares. Mizuho upped their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. BMO Capital Markets raised their price objective on Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Bank of America raised their price objective on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. KeyCorp increased their target price on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, Scotiabank dropped their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.33.

Duke Energy Trading Up 0.5 %

Shares of NYSE:DUK traded up $0.53 during midday trading on Tuesday, hitting $101.17. The company had a trading volume of 1,041,322 shares, compared to its average volume of 2,896,070. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $104.87. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54. The stock has a market cap of $78.08 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 2.76 and a beta of 0.45. The firm has a fifty day simple moving average of $101.55 and a 200 day simple moving average of $97.58.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.05. The firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. On average, analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were paid a $1.025 dividend. This represents a $4.10 annualized dividend and a dividend yield of 4.05%. The ex-dividend date was Thursday, May 16th. Duke Energy’s dividend payout ratio is 103.02%.

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.