Boston Research & Management Inc. Purchases 1,128 Shares of Duke Energy Corporation $DUK

Boston Research & Management Inc. lifted its position in Duke Energy Corporation (NYSE:DUK) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,655 shares of the utilities provider’s stock after purchasing an additional 1,128 shares during the quarter. Boston Research & Management Inc.’s holdings in Duke Energy were worth $5,387,000 at the end of the most recent quarter.

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

Duke Energy Stock Up 0.2%

DUK opened at $122.78 on Friday. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03. 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 price is $124.37 and its 200-day moving average price is $120.97. The company has a market cap of $95.48 billion, a P/E ratio of 19.96, a P/E/G ratio of 3.05 and a beta of 0.45.

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

Duke Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DUK shares. Mizuho lifted their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Barclays lifted their price target on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. UBS Group increased their price objective on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Cowen began coverage on Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, TD Cowen initiated coverage on Duke Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $143.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.44.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the transaction, the executive vice president owned 11,367 shares in the company, valued at approximately $1,407,234.60. The trade was a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Duke Energy Company Profile

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.