Allworth Financial LP Increases Stock Position in Duke Energy Corporation $DUK

Allworth Financial LP increased its position in Duke Energy Corporation (NYSE:DUK) by 75.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 180,987 shares of the utilities provider’s stock after buying an additional 78,022 shares during the quarter. Allworth Financial LP’s holdings in Duke Energy were worth $21,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC grew its stake in Duke Energy by 42.2% in the second quarter. Simon Quick Advisors LLC now owns 7,444 shares of the utilities provider’s stock worth $878,000 after purchasing an additional 2,210 shares in the last quarter. Beacon Investment Advisory Services Inc. lifted its holdings in Duke Energy by 8.1% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock worth $6,264,000 after buying an additional 3,837 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. Resolution Capital Ltd increased its holdings in shares of Duke Energy by 7.6% in the 1st quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after acquiring an additional 4,255 shares during the last quarter. Finally, Raymond James Financial Inc. raised its position in shares of Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after acquiring an additional 2,276,948 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Activity

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president directly owned 46,422 shares in the company, valued at $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DUK. UBS Group boosted their target price on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Cowen began coverage on shares of Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Evercore ISI assumed coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective on the stock. Morgan Stanley lifted their target price on Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Barclays upped their target price on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Duke Energy Stock Performance

DUK opened at $123.64 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The business’s 50 day moving average is $123.97 and its 200-day moving average is $120.82. The stock has a market cap of $96.15 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $1.62 EPS. On average, analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s payout ratio is currently 66.98%.

About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.