AGP Franklin LLC Has $1.75 Million Stock Position in Duke Energy Corporation $DUK

AGP Franklin LLC grew its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 9.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 14,817 shares of the utilities provider’s stock after acquiring an additional 1,251 shares during the period. AGP Franklin LLC’s holdings in Duke Energy were worth $1,748,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DUK. Activest Wealth Management lifted its holdings in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after buying an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Duke Energy during the first quarter valued at approximately $27,000. Legacy Investment Solutions LLC bought a new stake in Duke Energy during the 2nd quarter valued at $28,000. Mascoma Wealth Management LLC lifted its stake in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC increased its position in shares of Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK opened at $122.78 on Friday. The stock has a 50-day moving average price of $124.37 and a 200-day moving average price of $120.99. The firm has a market cap of $95.48 billion, a PE ratio of 19.96, a P/E/G ratio of 3.05 and a beta of 0.45. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

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

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is 66.98%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of analyst reports. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the stock a “sector outperform” rating in a report on Friday, October 3rd. Royal Bank Of Canada raised Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company upgraded Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Finally, UBS Group increased their target price on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.44.

Insider Activity at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of the transaction, the executive vice president owned 11,367 shares in the company, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.