First Hawaiian Bank Acquires New Holdings in Duke Energy Corp (DUK)

First Hawaiian Bank acquired a new position in Duke Energy Corp (NYSE:DUK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,640 shares of the utilities provider’s stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DUK. FMR LLC grew its holdings in Duke Energy by 28.5% in the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after purchasing an additional 1,023,646 shares during the period. PointState Capital LP purchased a new stake in Duke Energy in the second quarter worth about $49,727,000. Millennium Management LLC grew its holdings in Duke Energy by 23.2% in the second quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock worth $137,648,000 after purchasing an additional 328,285 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Duke Energy by 1.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 19,740,982 shares of the utilities provider’s stock worth $1,561,116,000 after buying an additional 317,835 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Duke Energy by 18.8% in the second quarter. California Public Employees Retirement System now owns 1,985,214 shares of the utilities provider’s stock worth $156,991,000 after buying an additional 314,104 shares in the last quarter. Institutional investors and hedge funds own 58.85% of the company’s stock.

DUK has been the topic of several analyst reports. Howard Weil initiated coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 target price on the stock. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Wells Fargo & Co upped their target price on shares of Duke Energy from $86.00 to $89.00 and gave the stock a “market perform” rating in a research note on Monday, September 17th. Morgan Stanley dropped their target price on shares of Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a research note on Friday, September 21st. Finally, Guggenheim reiterated a “buy” rating and issued a $86.00 target price on shares of Duke Energy in a research note on Friday, August 17th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $84.06.



In related news, EVP Melissa H. Anderson sold 500 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $81.76, for a total transaction of $40,880.00. Following the transaction, the executive vice president now owns 15,096 shares in the company, valued at $1,234,248.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Dhiaa M. Jamil sold 7,000 shares of the stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $80.98, for a total transaction of $566,860.00. Following the transaction, the chief operating officer now owns 4,279 shares in the company, valued at approximately $346,513.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,779 shares of company stock worth $956,650. 0.07% of the stock is owned by insiders.

Shares of NYSE DUK opened at $81.89 on Friday. The company has a market capitalization of $59.58 billion, a PE ratio of 17.92, a PEG ratio of 3.54 and a beta of 0.03. Duke Energy Corp has a 52-week low of $71.96 and a 52-week high of $91.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.08). The company had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.61 billion. Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.01 EPS. On average, research analysts anticipate that Duke Energy Corp will post 4.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 4.53%. Duke Energy’s dividend payout ratio (DPR) is 81.18%.

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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