IFP Advisors Inc Has $5.27 Million Stock Holdings in Duke Energy Corporation $DUK

IFP Advisors Inc lifted its position in Duke Energy Corporation (NYSE:DUK) by 80.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 44,936 shares of the utilities provider’s stock after purchasing an additional 20,005 shares during the period. IFP Advisors Inc’s holdings in Duke Energy were worth $5,267,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Intrust Bank NA increased its stake in Duke Energy by 3.5% during the 4th quarter. Intrust Bank NA now owns 8,174 shares of the utilities provider’s stock worth $958,000 after purchasing an additional 277 shares in the last quarter. Banque Cantonale Vaudoise increased its stake in Duke Energy by 3.2% during the 4th quarter. Banque Cantonale Vaudoise now owns 38,185 shares of the utilities provider’s stock worth $4,475,000 after purchasing an additional 1,172 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Duke Energy by 10.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 14,658 shares of the utilities provider’s stock worth $1,718,000 after purchasing an additional 1,418 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in Duke Energy by 3.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 23,821 shares of the utilities provider’s stock worth $2,792,000 after purchasing an additional 843 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Duke Energy during the 4th quarter worth approximately $4,166,000. 65.31% of the stock is owned by institutional investors.

Insider Activity at Duke Energy

In related news, CEO Louis E. Renjel sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $125.15, for a total value of $438,025.00. Following the completion of the transaction, the chief executive officer directly owned 21,415 shares of the company’s stock, valued at approximately $2,680,087.25. This trade represents a 14.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Harry K. Sideris sold 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the completion of the transaction, the chief executive officer directly owned 96,102 shares of the company’s stock, valued at $11,952,205.74. This represents a 17.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 24,462 shares of company stock valued at $3,048,426. 0.12% of the stock is owned by corporate insiders.

Duke Energy Price Performance

Shares of DUK opened at $123.82 on Thursday. The stock has a market capitalization of $96.53 billion, a P/E ratio of 18.96 and a beta of 0.41. Duke Energy Corporation has a twelve month low of $113.39 and a twelve month high of $134.49. The company has a 50 day moving average of $128.42 and a 200-day moving average of $124.01. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Duke Energy had a net margin of 15.49% and a return on equity of 9.73%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. As a group, equities research analysts forecast that Duke Energy Corporation will post 6.71 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Investors of record on Friday, May 15th will be paid a $1.065 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is currently 65.24%.

Duke Energy News Roundup

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Duke Energy’s latest earnings call highlighted progress on its large growth plan, reinforcing the company’s long-term earnings and capital investment story. Duke Energy EPS Jumps as Massive Growth Plan Advances

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DUK shares. Wells Fargo & Company increased their target price on Duke Energy from $135.00 to $136.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Morgan Stanley lowered their target price on Duke Energy from $142.00 to $141.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lowered their target price on Duke Energy from $139.00 to $136.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, UBS Group decreased their price target on shares of Duke Energy from $137.00 to $135.00 in a research note on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.67.

Duke Energy Company Profile

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.