Wealth Alliance LLC Buys 703 Shares of Duke Energy Corporation $DUK

Wealth Alliance LLC raised its stake in Duke Energy Corporation (NYSE:DUK) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,326 shares of the utilities provider’s stock after acquiring an additional 703 shares during the period. Wealth Alliance LLC’s holdings in Duke Energy were worth $2,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. GQG Partners LLC lifted its stake in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after acquiring an additional 10,192,503 shares during the last quarter. 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. Charles Schwab Investment Management Inc. raised its stake in shares of Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Duke Energy by 1.9% in the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after buying an additional 152,542 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

DUK opened at $123.74 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The firm has a 50 day moving average of $124.02 and a two-hundred day moving average of $120.87. The firm has a market capitalization of $96.22 billion, a PE ratio of 20.12, a P/E/G ratio of 3.05 and a beta of 0.45.

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

Duke Energy Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is presently 66.98%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. Mizuho lifted their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. BMO Capital Markets increased their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research report on Friday, October 10th. Wells Fargo & Company raised Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group boosted their target price on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insider Activity at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.