Geneos Wealth Management Inc. Has $6.35 Million Stock Holdings in Duke Energy Corporation $DUK

Geneos Wealth Management Inc. increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 10.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,809 shares of the utilities provider’s stock after purchasing an additional 5,291 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Duke Energy were worth $6,349,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Duke Energy by 11.6% in the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after acquiring an additional 700 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in Duke Energy by 131.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 8,204 shares of the utilities provider’s stock worth $1,001,000 after purchasing an additional 4,658 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Duke Energy by 8.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,468 shares of the utilities provider’s stock worth $2,863,000 after purchasing an additional 1,911 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Duke Energy by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,939,782 shares of the utilities provider’s stock worth $236,552,000 after purchasing an additional 48,052 shares during the last quarter. Finally, Ethic Inc. increased its stake in shares of Duke Energy by 37.2% in the first quarter. Ethic Inc. now owns 13,163 shares of the utilities provider’s stock valued at $1,594,000 after buying an additional 3,569 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $115.21 on Monday. The firm’s 50 day simple moving average is $123.37 and its 200 day simple moving average is $121.23. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. The company has a market capitalization of $89.60 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 2.66 and a beta of 0.49. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40.

Duke Energy (NYSE:DUK) last issued 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 during the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.62 earnings per share. As a group, sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is 66.98%.

Analysts Set New Price Targets

A number of brokerages have commented on DUK. The Goldman Sachs Group increased their price objective on shares of Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Royal Bank Of Canada raised shares of Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Scotiabank set a $137.00 price target on shares of Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. Jefferies Financial Group reduced their price objective on Duke Energy from $138.00 to $126.00 and set a “hold” rating on the stock in a report on Monday, December 8th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.06.

Insider Activity at Duke Energy

In other 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 transaction of $1,015,160.00. Following the transaction, the executive vice president owned 11,367 shares in the company, valued at $1,407,234.60. The trade was a 41.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy 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.