National Wealth Management Group LLC Purchases New Holdings in Duke Energy Corporation $DUK

National Wealth Management Group LLC acquired a new position in Duke Energy Corporation (NYSE:DUK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,953 shares of the utilities provider’s stock, valued at approximately $585,000.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Duke Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock valued at $8,934,580,000 after acquiring an additional 1,154,783 shares during the period. Geode Capital Management LLC boosted its stake in shares of Duke Energy by 1.7% during the second quarter. Geode Capital Management LLC now owns 18,684,447 shares of the utilities provider’s stock valued at $2,205,070,000 after purchasing an additional 319,001 shares during the period. Laurel Wealth Advisors LLC boosted its stake in shares of Duke Energy by 11,417.7% during the second quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock valued at $2,084,917,000 after purchasing an additional 17,515,383 shares during the period. Royal Bank of Canada grew its holdings in shares of Duke Energy by 4.9% in the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock worth $1,088,158,000 after purchasing an additional 418,014 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Duke Energy by 0.4% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,691,150 shares of the utilities provider’s stock worth $1,025,244,000 after buying an additional 34,906 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK opened at $115.21 on Monday. The firm has a market capitalization of $89.60 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. The business’s 50-day moving average is $123.37 and its two-hundred day moving average is $121.23. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. Research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.7%. Duke Energy’s dividend payout ratio is presently 66.98%.

Insider Activity at Duke Energy

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DUK shares. BMO Capital Markets reduced their target price on shares of Duke Energy from $138.00 to $136.00 in a research report on Monday, November 10th. JPMorgan Chase & Co. dropped their price objective on Duke Energy from $136.00 to $126.00 and set a “neutral” rating on the stock in a research note on Thursday. The Goldman Sachs Group lifted their target price on Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Wells Fargo & Company raised Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Finally, BTIG Research upgraded Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $137.06.

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.