Duke Energy Co. (NYSE:DUK) Shares Bought by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC raised its stake in Duke Energy Co. (NYSE:DUKFree Report) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,892 shares of the utilities provider’s stock after acquiring an additional 2,068 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Duke Energy were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in DUK. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Duke Energy by 233.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,253 shares of the utilities provider’s stock worth $1,523,000 after buying an additional 12,073 shares during the period. Operose Advisors LLC boosted its stake in shares of Duke Energy by 263.2% during the third quarter. Operose Advisors LLC now owns 868 shares of the utilities provider’s stock worth $77,000 after buying an additional 629 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in shares of Duke Energy by 20.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 82,161 shares of the utilities provider’s stock worth $7,252,000 after buying an additional 13,991 shares during the period. Mutual Advisors LLC boosted its stake in shares of Duke Energy by 2.2% during the third quarter. Mutual Advisors LLC now owns 27,060 shares of the utilities provider’s stock worth $2,388,000 after buying an additional 577 shares during the period. Finally, MFA Wealth Advisors LLC raised its holdings in Duke Energy by 7.1% during the third quarter. MFA Wealth Advisors LLC now owns 17,203 shares of the utilities provider’s stock worth $1,518,000 after purchasing an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling

In related news, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the sale, the executive vice president now owns 68,657 shares in the company, valued at $7,057,253.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total value of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares in the company, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,695 shares of company stock worth $2,750,815. 0.14% of the stock is owned by insiders.

Duke Energy Price Performance

Shares of DUK stock traded down $1.38 during trading hours on Tuesday, hitting $100.13. The company’s stock had a trading volume of 993,904 shares, compared to its average volume of 2,947,438. The business has a fifty day moving average of $100.98 and a 200-day moving average of $97.32. The stock has a market cap of $77.28 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.74 and a beta of 0.45. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $104.87. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.39 by $0.05. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.20 earnings per share. As a group, equities research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were given a dividend of $1.025 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a yield of 4.09%. Duke Energy’s dividend payout ratio (DPR) is currently 103.02%.

Analyst Upgrades and Downgrades

DUK has been the subject of several analyst reports. Scotiabank cut their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Bank of America increased their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. KeyCorp increased their price target on shares of Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets increased their price target on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Finally, Barclays increased their target price on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.33.

Read Our Latest Analysis on DUK

About Duke Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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