Northwestern Mutual Investment Management Company LLC increased its stake in Duke Energy Corp (NYSE:DUK) by 2.8% in the first quarter, Holdings Channel reports. The fund owned 110,473 shares of the utilities provider’s stock after purchasing an additional 3,060 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Duke Energy were worth $9,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Intact Investment Management Inc. raised its position in Duke Energy by 2.7% during the 1st quarter. Intact Investment Management Inc. now owns 48,600 shares of the utilities provider’s stock valued at $4,373,000 after purchasing an additional 1,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Duke Energy by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,357,552 shares of the utilities provider’s stock valued at $122,173,000 after purchasing an additional 46,047 shares during the last quarter. Hamilton Capital Management Inc. purchased a new stake in Duke Energy in the first quarter valued at $297,000. Fiera Capital Corp boosted its holdings in Duke Energy by 9.0% in the first quarter. Fiera Capital Corp now owns 10,113 shares of the utilities provider’s stock valued at $910,000 after purchasing an additional 833 shares during the last quarter. Finally, Close Asset Management Ltd boosted its holdings in Duke Energy by 31.4% in the first quarter. Close Asset Management Ltd now owns 34,184 shares of the utilities provider’s stock valued at $3,076,000 after purchasing an additional 8,178 shares during the last quarter. 60.17% of the stock is owned by institutional investors.

DUK stock opened at $86.02 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.75. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.67. The stock has a market cap of $62.33 billion, a PE ratio of 18.22, a PEG ratio of 3.57 and a beta of 0.13.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.03. Duke Energy had a net margin of 12.00% and a return on equity of 7.70%. The business had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.39 billion. During the same period in the prior year, the company posted $1.28 EPS. The company’s revenue for the quarter was up .5% on a year-over-year basis. Sell-side analysts forecast that Duke Energy Corp will post 4.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Thursday, May 16th. Duke Energy’s payout ratio is currently 78.60%.

In other news, EVP Lloyd M. Yates sold 5,117 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $88.20, for a total transaction of $451,319.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,700 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $85.92, for a total transaction of $146,064.00. Following the sale, the senior vice president now directly owns 6,091 shares in the company, valued at $523,338.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,598 shares of company stock worth $752,989. Corporate insiders own 0.09% of the company’s stock.

Several equities research analysts have commented on the stock. ValuEngine lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Bank of America upped their price target on shares of Duke Energy from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, March 11th. JPMorgan Chase & Co. set a $90.00 price target on shares of Duke Energy and gave the company a “hold” rating in a report on Monday, May 20th. Zacks Investment Research lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Finally, Credit Suisse Group lowered shares of Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $87.60.

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Duke Energy Profile

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.

Further Reading: Insider Trading

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

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