RDA Financial Network Has $2.11 Million Stock Holdings in Duke Energy Corporation $DUK

RDA Financial Network increased its stake in shares of Duke Energy Corporation (NYSE:DUK) by 39.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 17,016 shares of the utilities provider’s stock after acquiring an additional 4,845 shares during the quarter. RDA Financial Network’s holdings in Duke Energy were worth $2,106,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Activest Wealth Management grew its position in shares of Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. Legacy Investment Solutions LLC acquired a new stake in Duke Energy during the 2nd quarter worth approximately $28,000. Mascoma Wealth Management LLC boosted its stake in Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares during the period. Access Investment Management LLC bought a new stake in Duke Energy in the 2nd quarter valued at $31,000. Finally, Saudi Central Bank acquired a new position in Duke Energy in the 1st quarter valued at $37,000. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DUK. JPMorgan Chase & Co. dropped their target price on Duke Energy from $136.00 to $126.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. BMO Capital Markets lowered their price target on shares of Duke Energy from $138.00 to $136.00 in a research report on Monday, November 10th. UBS Group cut their price objective on shares of Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a report on Wednesday. Evercore ISI assumed coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 target price on the stock. Finally, Morgan Stanley set a $126.00 target price on shares of Duke Energy in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $136.50.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $117.48 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 1.54. The company has a market cap of $91.36 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. The company has a 50 day moving average of $122.86 and a 200-day moving average of $121.20. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same period in the previous year, the business earned $1.62 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Friday, November 14th were given a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Friday, November 14th. Duke Energy’s dividend payout ratio is currently 66.98%.

Insiders Place Their Bets

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This trade represents a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

Duke Energy 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.