Cantor Fitzgerald Investment Advisors L.P. Acquires Shares of 113,963 Duke Energy Co. (NYSE:DUK)

Cantor Fitzgerald Investment Advisors L.P. bought a new position in Duke Energy Co. (NYSE:DUKFree Report) during the fourth quarter, Holdings Channel reports. The fund bought 113,963 shares of the utilities provider’s stock, valued at approximately $11,059,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Command Advisory Services Inc. lifted its position in Duke Energy by 1.4% in the fourth quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock worth $771,000 after buying an additional 110 shares during the last quarter. Chemung Canal Trust Co. lifted its position in Duke Energy by 0.8% in the fourth quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after buying an additional 113 shares during the last quarter. Verum Partners LLC lifted its position in shares of Duke Energy by 3.1% during the fourth quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Duke Energy by 0.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock worth $2,667,000 after purchasing an additional 115 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Duke Energy by 10.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,266 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 116 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the sale, the director now directly owns 4 shares of the company’s stock, 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. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Scotiabank decreased their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Bank of America lifted their target price on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Wells Fargo & Company decreased their price objective on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Barclays lifted their price objective on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, KeyCorp lifted their price objective on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $101.85.

Check Out Our Latest Report on Duke Energy

Duke Energy Stock Up 0.4 %

DUK traded up $0.38 on Friday, hitting $102.17. The company had a trading volume of 1,864,573 shares, compared to its average volume of 3,080,167. The stock has a fifty day moving average price of $98.37 and a 200-day moving average price of $95.68. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $104.60. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The stock has a market capitalization of $78.85 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 2.80 and a beta of 0.45.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share 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 business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be issued a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is 103.02%.

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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