Duke Energy Co. (NYSE:DUK) Shares Acquired by PFG Advisors

PFG Advisors boosted its holdings in Duke Energy Co. (NYSE:DUKGet Rating) by 2.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,340 shares of the utilities provider’s stock after purchasing an additional 134 shares during the quarter. PFG Advisors’ holdings in Duke Energy were worth $680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. Vanguard Group Inc. boosted its stake in shares of Duke Energy by 2.7% during the first quarter. Vanguard Group Inc. now owns 68,521,533 shares of the utilities provider’s stock valued at $7,651,115,000 after acquiring an additional 1,782,973 shares during the last quarter. BlackRock Inc. boosted its stake in Duke Energy by 0.6% in the 4th quarter. BlackRock Inc. now owns 53,412,420 shares of the utilities provider’s stock worth $5,602,963,000 after buying an additional 299,355 shares during the last quarter. State Street Corp boosted its stake in Duke Energy by 8.5% in the 1st quarter. State Street Corp now owns 42,715,057 shares of the utilities provider’s stock worth $4,769,563,000 after buying an additional 3,349,217 shares during the last quarter. Wellington Management Group LLP boosted its stake in Duke Energy by 6.4% in the 1st quarter. Wellington Management Group LLP now owns 34,876,522 shares of the utilities provider’s stock worth $3,894,312,000 after buying an additional 2,112,764 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Duke Energy by 4.3% in the 1st quarter. Royal Bank of Canada now owns 7,647,858 shares of the utilities provider’s stock worth $853,961,000 after buying an additional 318,102 shares during the last quarter. 63.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In other news, CFO Steven K. Young sold 415 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $44,716.25. Following the sale, the chief financial officer now directly owns 114,072 shares of the company’s stock, valued at $12,291,258. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kodwo Ghartey-Tagoe sold 4,700 shares of Duke Energy stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $109.67, for a total transaction of $515,449.00. Following the transaction, the executive vice president now owns 14,002 shares in the company, valued at $1,535,599.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven K. Young sold 415 shares of Duke Energy stock in a transaction on Friday, July 1st. The shares were sold at an average price of $107.75, for a total value of $44,716.25. Following the transaction, the chief financial officer now owns 114,072 shares in the company, valued at approximately $12,291,258. The disclosure for this sale can be found here. Insiders have sold 7,819 shares of company stock valued at $856,533 over the last three months. Company insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

Shares of DUK opened at $104.68 on Friday. Duke Energy Co. has a 52 week low of $95.48 and a 52 week high of $116.33. The firm has a market cap of $80.59 billion, a price-to-earnings ratio of 21.19, a PEG ratio of 3.18 and a beta of 0.35. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1.27. The stock has a 50 day moving average of $108.48 and a 200-day moving average of $108.91.

Duke Energy (NYSE:DUKGet Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.04). Duke Energy had a net margin of 14.50% and a return on equity of 8.42%. The company had revenue of $6.69 billion for the quarter, compared to analyst estimates of $5.79 billion. During the same quarter in the prior year, the firm earned $1.15 EPS. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, analysts forecast that Duke Energy Co. will post 5.45 EPS for the current year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were given a dividend of $1.005 per share. The ex-dividend date was Thursday, August 11th. This is a positive change from Duke Energy’s previous quarterly dividend of $0.99. This represents a $4.02 dividend on an annualized basis and a dividend yield of 3.84%. Duke Energy’s payout ratio is 81.38%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DUK. Barclays decreased their price target on Duke Energy from $119.00 to $110.00 in a research note on Monday, July 18th. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $112.00 to $114.00 in a research note on Friday, August 5th. UBS Group downgraded Duke Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $122.00 to $112.00 in a report on Thursday, June 30th. KeyCorp cut their price objective on Duke Energy from $121.00 to $116.00 and set an “overweight” rating on the stock in a report on Tuesday, July 19th. Finally, Morgan Stanley cut their price objective on Duke Energy from $123.00 to $121.00 and set an “equal weight” rating on the stock in a report on Thursday. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $112.90.

Duke Energy Profile

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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; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

See Also

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

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