Cape Investment Advisory Inc. Boosts Holdings in Duke Energy Co. (NYSE:DUK)

Cape Investment Advisory Inc. raised its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,112 shares of the utilities provider’s stock after purchasing an additional 242 shares during the quarter. Cape Investment Advisory Inc.’s holdings in Duke Energy were worth $787,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its holdings in Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after purchasing an additional 1,002,157 shares during the last quarter. Morgan Stanley boosted its stake in shares of Duke Energy by 4.9% during the 3rd quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after acquiring an additional 492,011 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Duke Energy by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock worth $799,599,000 after acquiring an additional 842,458 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Duke Energy by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 8,113,443 shares of the utilities provider’s stock worth $787,328,000 after acquiring an additional 42,782 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Duke Energy by 1.9% during the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock worth $698,923,000 after acquiring an additional 144,612 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Duke Energy

In other news, Director E Marie Mckee sold 1,695 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 4 shares in the company, valued at approximately $409.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction that occurred 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 completion of the sale, the director now 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 worth $2,750,815 in the last 90 days. Insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

DUK traded up $0.38 during trading on Friday, reaching $102.17. The company’s stock had a trading volume of 1,864,573 shares, compared to its average volume of 3,080,167. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The firm has a fifty day simple moving average of $98.37 and a two-hundred day simple moving average of $95.63. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $104.60. The company has a market cap of $78.85 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.80 and a beta of 0.45.

Duke Energy (NYSE:DUKGet Free Report) last released its 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 net margin of 10.78% and a return on equity of 9.25%. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same period last year, the company posted $1.20 EPS. The business’s revenue was up 5.4% on a year-over-year basis. As a group, analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

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

Wall Street Analyst Weigh In

DUK has been the topic of several recent analyst reports. Wells Fargo & Company lowered their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Mizuho increased their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Bank of America increased their target price on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. BMO Capital Markets raised their price target on shares of Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Finally, KeyCorp raised their price target on shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy presently has an average rating of “Hold” and a consensus price target of $101.85.

Get Our Latest Stock Report on Duke Energy

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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