Vestor Capital LLC Has $1.41 Million Position in Duke Energy Corporation $DUK

Vestor Capital LLC boosted its position in Duke Energy Corporation (NYSE:DUK) by 762.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,951 shares of the utilities provider’s stock after buying an additional 10,565 shares during the quarter. Vestor Capital LLC’s holdings in Duke Energy were worth $1,410,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Duke Energy by 11.6% during the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 700 shares during the last quarter. AE Wealth Management LLC lifted its position in Duke Energy by 4.7% during the 1st quarter. AE Wealth Management LLC now owns 30,017 shares of the utilities provider’s stock worth $3,661,000 after buying an additional 1,346 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of Duke Energy by 30.7% during the 1st quarter. Carnegie Investment Counsel now owns 7,915 shares of the utilities provider’s stock worth $934,000 after buying an additional 1,859 shares during the last quarter. Lifeworks Advisors LLC bought a new position in shares of Duke Energy in the 1st quarter valued at about $219,000. Finally, Brookwood Investment Group LLC acquired a new stake in shares of Duke Energy in the first quarter valued at about $202,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $122.78 on Friday. The company has a market cap of $95.48 billion, a P/E ratio of 19.96, a P/E/G ratio of 3.05 and a beta of 0.45. The firm’s fifty day moving average price is $124.37 and its two-hundred day moving average price is $120.97. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.62 EPS. Equities analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a $1.065 dividend. 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 dividend payout ratio is presently 66.98%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Cowen initiated coverage on Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Mizuho increased their price objective on Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Jefferies Financial Group raised their target price on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Finally, Barclays lifted their price objective on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.44.

Insiders Place Their Bets

In related news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the sale, the executive vice president directly owned 11,367 shares of the company’s stock, valued at approximately $1,407,234.60. This trade represents a 41.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.