LVW Advisors LLC grew its position in shares of Duke Energy Corp (NYSE:DUK) by 40.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,709 shares of the utilities provider’s stock after buying an additional 1,068 shares during the period. LVW Advisors LLC’s holdings in Duke Energy were worth $334,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. HC Financial Advisors Inc. increased its holdings in shares of Duke Energy by 445.9% in the third quarter. HC Financial Advisors Inc. now owns 20,099 shares of the utilities provider’s stock valued at $1,608,000 after purchasing an additional 16,417 shares during the period. Morgan Stanley increased its holdings in shares of Duke Energy by 13.8% in the third quarter. Morgan Stanley now owns 3,792,774 shares of the utilities provider’s stock valued at $303,498,000 after purchasing an additional 460,092 shares during the period. Vanguard Group Inc increased its holdings in shares of Duke Energy by 2.9% in the third quarter. Vanguard Group Inc now owns 54,434,882 shares of the utilities provider’s stock valued at $4,355,880,000 after purchasing an additional 1,539,841 shares during the period. Pennsylvania Trust Co increased its holdings in shares of Duke Energy by 16.0% in the fourth quarter. Pennsylvania Trust Co now owns 14,115 shares of the utilities provider’s stock valued at $1,218,000 after purchasing an additional 1,947 shares during the period. Finally, TRUE Private Wealth Advisors grew its holdings in Duke Energy by 57.3% during the fourth quarter. TRUE Private Wealth Advisors now owns 2,336 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 851 shares during the period. 61.10% of the stock is currently owned by institutional investors.
Shares of DUK stock opened at $87.01 on Thursday. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. The firm has a market cap of $63.53 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 3.62 and a beta of 0.06. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.67.
Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, May 9th. The utilities provider reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.03. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. Duke Energy’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 earnings per share. Equities analysts predict that Duke Energy Corp will post 4.94 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, May 16th. This represents a $3.71 dividend on an annualized basis and a yield of 4.26%. Duke Energy’s payout ratio is 78.60%.
A number of research analysts recently weighed in on DUK shares. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a report on Friday, February 15th. Morgan Stanley upped their price objective on Duke Energy from $85.00 to $88.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 12th. Finally, Bank of America upped their price objective on Duke Energy from $89.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Duke Energy currently has a consensus rating of “Hold” and a consensus price target of $86.10.
In other Duke Energy news, Chairman Lynn J. Good sold 15,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $89.92, for a total transaction of $1,348,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Dhiaa M. Jamil sold 750 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $89.75, for a total value of $67,312.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,250 shares of company stock worth $1,900,878. 0.09% of the stock is owned by company insiders.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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