CCM Investment Advisers LLC decreased its holdings in Duke Energy (NYSE:DUK) by 8.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,417 shares of the utilities provider’s stock after selling 4,883 shares during the quarter. CCM Investment Advisers LLC’s holdings in Duke Energy were worth $3,983,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Truewealth LLC bought a new position in Duke Energy in the 4th quarter valued at $102,000. Atwood & Palmer Inc. raised its position in Duke Energy by 434.9% in the 1st quarter. Atwood & Palmer Inc. now owns 1,348 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,096 shares during the last quarter. Shamrock Asset Management LLC bought a new position in Duke Energy in the 4th quarter valued at $115,000. Global Trust Asset Management LLC bought a new position in Duke Energy in the 4th quarter valued at $115,000. Finally, Centersquare Investment Management LLC bought a new position in Duke Energy in the 1st quarter valued at $122,000. Hedge funds and other institutional investors own 57.45% of the company’s stock.

Duke Energy opened at $74.15 on Friday, according to MarketBeat.com. The firm has a market capitalization of $53.93 billion, a PE ratio of 16.23, a PEG ratio of 4.15 and a beta of 0.10. Duke Energy has a 52 week low of $75.80 and a 52 week high of $77.05. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, May 10th. The utilities provider reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.14. The company had revenue of $5.32 billion during the quarter, compared to analysts’ expectations of $5.76 billion. Duke Energy had a return on equity of 8.10% and a net margin of 12.33%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $1.04 EPS. equities research analysts expect that Duke Energy will post 4.71 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 18th. Stockholders of record on Friday, May 18th will be paid a $0.89 dividend. The ex-dividend date is Thursday, May 17th. This represents a $3.56 annualized dividend and a dividend yield of 4.80%. Duke Energy’s dividend payout ratio (DPR) is currently 77.90%.

In related news, COO Dhiaa M. Jamil sold 3,800 shares of Duke Energy stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $76.98, for a total transaction of $292,524.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Marie Mckee sold 2,006 shares of Duke Energy stock in a transaction on Monday, May 14th. The stock was sold at an average price of $77.49, for a total value of $155,444.94. The disclosure for this sale can be found here. Insiders sold a total of 5,894 shares of company stock valued at $454,703 over the last three months. Insiders own 0.07% of the company’s stock.

Several equities analysts have issued reports on DUK shares. Goldman Sachs downgraded Duke Energy from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $76.90 to $78.00 in a research report on Wednesday, March 28th. JPMorgan Chase lifted their price objective on Duke Energy from $77.00 to $78.00 and gave the company an “underweight” rating in a research report on Tuesday, April 10th. Deutsche Bank upgraded Duke Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $77.22 to $86.00 in a research report on Monday, February 26th. Royal Bank of Canada reiterated a “buy” rating and issued a $90.00 price objective on shares of Duke Energy in a research report on Wednesday, March 14th. Finally, SunTrust Banks set a $80.00 price objective on Duke Energy and gave the company a “hold” rating in a research report on Monday, March 26th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $84.29.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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

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