Waterloo Capital L.P. Has $557,000 Stock Holdings in Duke Energy Corporation $DUK

Waterloo Capital L.P. lowered its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 8.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,717 shares of the utilities provider’s stock after selling 426 shares during the quarter. Waterloo Capital L.P.’s holdings in Duke Energy were worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management grew its holdings in shares of 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 in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy during the first quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the second quarter valued at approximately $28,000. Mascoma Wealth Management LLC grew its position in Duke Energy by 53.7% during the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its position in Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In related 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 transaction 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 SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $122.27 on Tuesday. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03. The company has a market cap of $95.08 billion, a P/E ratio of 19.88, a P/E/G ratio of 3.05 and a beta of 0.45. 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 stock’s 50-day simple moving average is $124.37 and its 200 day simple moving average is $120.98.

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 analysts’ consensus estimates of $1.75 by $0.06. The company 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%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. As a group, sell-side analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DUK shares. Mizuho increased their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Cowen began coverage on shares of Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. BMO Capital Markets decreased their price objective on Duke Energy from $138.00 to $136.00 in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Wednesday, November 19th. Finally, UBS Group lifted their price objective on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.44.

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.