Duke Energy Corporation $DUK Shares Acquired by Lido Advisors LLC

Lido Advisors LLC grew its position in Duke Energy Corporation (NYSE:DUK) by 20.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,835 shares of the utilities provider’s stock after purchasing an additional 7,918 shares during the period. Lido Advisors LLC’s holdings in Duke Energy were worth $5,409,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DUK. Activest Wealth Management boosted its position in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 105 shares during the period. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy during the second quarter worth about $28,000. Mascoma Wealth Management LLC boosted its position in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares during the period. Financial Network Wealth Advisors LLC raised its holdings in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares during the period. Finally, Access Investment Management LLC acquired a new position in Duke Energy during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Down 2.6%

Duke Energy stock opened at $120.72 on Tuesday. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The firm’s 50-day moving average is $124.55 and its 200-day moving average is $121.23. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The company has a market cap of $93.88 billion, a P/E ratio of 19.63, a PEG ratio of 3.05 and a beta of 0.45.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. During the same quarter in the prior year, the business earned $1.62 earnings per share. Duke Energy’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. Duke Energy’s payout ratio is 66.98%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of analyst reports. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the company a “sector outperform” rating in a research note on Friday, October 3rd. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Morgan Stanley reaffirmed an “underperform” rating on shares of Duke Energy in a research report on Thursday, November 20th. Finally, Barclays increased their price target on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $138.44.

Insider Activity at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the sale, the executive vice president owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This trade represents a 41.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Company Profile

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.