Legg Mason Asset Management Japan Co. Ltd. Trims Stake in Duke Energy Corp (DUK)

Legg Mason Asset Management Japan Co. Ltd. cut its holdings in Duke Energy Corp (NYSE:DUK) by 27.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,200 shares of the utilities provider’s stock after selling 3,100 shares during the period. Legg Mason Asset Management Japan Co. Ltd.’s holdings in Duke Energy were worth $708,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DUK. Oregon Public Employees Retirement Fund increased its holdings in shares of Duke Energy by 8,422.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,521,173 shares of the utilities provider’s stock worth $76,000 after buying an additional 6,444,652 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Duke Energy by 48.7% in the 3rd quarter. Renaissance Technologies LLC now owns 6,051,129 shares of the utilities provider’s stock worth $484,211,000 after buying an additional 1,980,562 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in shares of Duke Energy by 130.8% in the 3rd quarter. OppenheimerFunds Inc. now owns 3,432,454 shares of the utilities provider’s stock worth $274,665,000 after buying an additional 1,945,200 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in Duke Energy by 941.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,856,602 shares of the utilities provider’s stock valued at $160,211,000 after purchasing an additional 1,678,300 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings in Duke Energy by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after purchasing an additional 1,539,841 shares during the last quarter. Hedge funds and other institutional investors own 61.97% of the company’s stock.

In other Duke Energy news, Chairman Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $89.92, for a total value of $1,348,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Melissa H. Anderson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $87.49, for a total transaction of $174,980.00. Following the completion of the sale, the executive vice president now directly owns 18,198 shares of the company’s stock, valued at $1,592,143.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,250 shares of company stock valued at $1,900,878. 0.08% of the stock is owned by corporate insiders.

Several brokerages recently commented on DUK. Zacks Investment Research upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a report on Wednesday, December 12th. 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. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Morgan Stanley upped their price target 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. Finally, Credit Suisse Group downgraded shares of Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.08.

Shares of NYSE:DUK opened at $90.65 on Friday. The stock has a market cap of $65.90 billion, a P/E ratio of 19.21, a PEG ratio of 3.64 and a beta of 0.06. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.44 and a current ratio of 0.65.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.05). The company had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Duke Energy had a net margin of 10.87% and a return on equity of 7.80%. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. On average, equities analysts forecast that Duke Energy Corp will post 4.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be given a $0.9275 dividend. The ex-dividend date is Thursday, February 14th. This represents a $3.71 annualized dividend and a yield of 4.09%. Duke Energy’s dividend payout ratio (DPR) is 78.60%.

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About Duke Energy

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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