Nepsis Inc. Has $1.61 Million Position in Duke Energy Co. (NYSE:DUK)

Nepsis Inc. trimmed its position in Duke Energy Co. (NYSE:DUKFree Report) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,639 shares of the utilities provider’s stock after selling 276 shares during the quarter. Duke Energy accounts for 0.4% of Nepsis Inc.’s holdings, making the stock its 27th biggest holding. Nepsis Inc.’s holdings in Duke Energy were worth $1,609,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the 1st quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Duke Energy during the fourth quarter worth about $26,000. Private Wealth Management Group LLC bought a new position in Duke Energy in the 4th quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Duke Energy in the 4th quarter valued at approximately $31,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Duke Energy by 46.6% during the 1st quarter. Versant Capital Management Inc now owns 368 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 117 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.8 %

NYSE DUK traded down $0.86 on Tuesday, reaching $100.65. The company had a trading volume of 276,674 shares, compared to its average volume of 2,941,510. The firm has a market cap of $77.68 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 fifty-two week low of $83.06 and a fifty-two week high of $104.87. The business has a 50 day moving average of $100.98 and a two-hundred day moving average of $97.32. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period last year, the company earned $1.20 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were given a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.

Analysts Set New Price Targets

Several research firms have weighed in on DUK. Morgan Stanley cut their target price on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Monday. BMO Capital Markets lifted their target price on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Barclays increased their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Bank of America increased their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Mizuho upped their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

Read Our Latest Report on Duke Energy

Insider Buying and Selling

In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the sale, the director now owns 4 shares of the company’s stock, valued at $409.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Marie Mckee sold 1,695 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the transaction, the director now owns 4 shares in the company, valued at approximately $409.24. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock valued at $2,750,815 over the last quarter. Insiders own 0.14% of the company’s stock.

Duke Energy Profile

(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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