2,842 Shares in Duke Energy Co. (NYSE:DUK) Acquired by Capital Advisors Wealth Management LLC

Capital Advisors Wealth Management LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,842 shares of the utilities provider’s stock, valued at approximately $275,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Duke Energy by 4.8% during the fourth quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock valued at $1,081,125,000 after buying an additional 509,039 shares during the period. Morgan Stanley raised its holdings in shares of Duke Energy by 4.9% during the third quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock valued at $923,907,000 after acquiring an additional 492,011 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Duke Energy by 11.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock valued at $799,599,000 after acquiring an additional 842,458 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Duke Energy by 0.5% during the 4th quarter. Franklin Resources Inc. now owns 8,113,443 shares of the utilities provider’s stock valued at $787,328,000 after purchasing an additional 42,782 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the transaction, the executive vice president now owns 68,657 shares in the company, valued at $7,057,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,695 shares of company stock valued at $2,750,815. Insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

NYSE DUK traded up $1.67 during trading on Monday, hitting $101.51. 2,020,049 shares of the stock traded hands, compared to its average volume of 2,963,718. The company has a market capitalization of $78.34 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.75 and a beta of 0.45. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $104.87. The firm has a 50-day simple moving average of $100.98 and a 200-day simple moving average of $97.32. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the business posted $1.20 earnings per share. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were given a $1.025 dividend. This represents a $4.10 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s payout ratio is currently 103.02%.

Analyst Ratings Changes

DUK has been the topic of several research reports. Barclays lifted their price objective on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. KeyCorp upped their target price on shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Scotiabank cut their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. BMO Capital Markets upped their target price on shares of Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Finally, Bank of America raised their price objective on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.33.

About Duke Energy

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.