Sequoia Financial Advisors LLC Has $5.67 Million Holdings in Duke Energy Corporation $DUK

Sequoia Financial Advisors LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 23.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,819 shares of the utilities provider’s stock after purchasing an additional 8,711 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Duke Energy were worth $5,670,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DUK. Legacy Investment Solutions LLC bought a new position in Duke Energy during the 2nd quarter worth $28,000. Mascoma Wealth Management LLC grew its holdings in shares of Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Access Investment Management LLC bought a new position in shares of Duke Energy in the second quarter worth $31,000. Trifecta Capital Advisors LLC increased its position in shares of Duke Energy by 2,284.6% in the second quarter. Trifecta Capital Advisors LLC now owns 310 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 297 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in Duke Energy in the third quarter valued at about $39,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.3%

Shares of DUK opened at $119.24 on Tuesday. The stock has a market capitalization of $92.73 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 2.59 and a beta of 0.50. Duke Energy Corporation has a 52 week low of $108.45 and a 52 week high of $130.03. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. The stock has a fifty day moving average of $118.87 and a 200-day moving average of $121.41.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter in the prior year, the firm earned $1.62 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, February 13th. This represents a $4.26 annualized dividend and a yield of 3.6%. Duke Energy’s dividend payout ratio (DPR) is currently 66.98%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DUK. UBS Group reduced their price objective on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Morgan Stanley set a $126.00 price target on shares of Duke Energy in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their price objective on shares of Duke Energy from $136.00 to $126.00 and set a “neutral” rating for the company in a research report on Thursday, December 11th. TD Cowen initiated coverage on Duke Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $143.00 target price for the company. Finally, BMO Capital Markets decreased their price target on Duke Energy from $136.00 to $130.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.56.

About Duke Energy

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.