1832 Asset Management L.P. Has $2.38 Million Holdings in Duke Energy Co. (NYSE:DUK)

1832 Asset Management L.P. lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 8.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,645 shares of the utilities provider’s stock after acquiring an additional 1,964 shares during the quarter. 1832 Asset Management L.P.’s holdings in Duke Energy were worth $2,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McGlone Suttner Wealth Management Inc. acquired a new position in Duke Energy during the 4th quarter worth about $77,000. Caprock Group LLC increased its position in Duke Energy by 58.4% during the 4th quarter. Caprock Group LLC now owns 3,783 shares of the utilities provider’s stock valued at $367,000 after purchasing an additional 1,395 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in Duke Energy by 5.2% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 7,694 shares of the utilities provider’s stock worth $747,000 after purchasing an additional 380 shares during the last quarter. L. Roy Papp & Associates LLP acquired a new position in shares of Duke Energy in the 4th quarter worth approximately $207,000. Finally, PFG Advisors increased its position in shares of Duke Energy by 13.5% during the fourth quarter. PFG Advisors now owns 4,069 shares of the utilities provider’s stock worth $395,000 after buying an additional 485 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.4 %

Shares of Duke Energy stock traded up $0.47 during trading hours on Friday, reaching $108.03. The company’s stock had a trading volume of 2,270,522 shares, compared to its average volume of 2,489,480. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The stock’s fifty day simple moving average is $102.79 and its two-hundred day simple moving average is $98.40. The company has a market capitalization of $83.37 billion, a P/E ratio of 27.14, a P/E/G ratio of 2.97 and a beta of 0.45. Duke Energy Co. has a one year low of $83.06 and a one year high of $110.02.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period in the previous year, the company posted $1.20 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, research analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, August 16th. This is a boost from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a yield of 3.87%. Duke Energy’s dividend payout ratio (DPR) is 103.02%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho upped their price target on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Barclays upped their target price on Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. KeyCorp lifted their target price on Duke Energy from $112.00 to $114.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. BMO Capital Markets cut their price target on Duke Energy from $110.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, July 11th. Finally, Morgan Stanley lowered their price objective on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $102.58.

Insider Transactions at Duke Energy

In related news, CEO Lynn J. Good sold 15,000 shares of the firm’s 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 transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the transaction, the director now owns 4 shares of the company’s stock, valued at approximately $409.24. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock worth $2,750,815 in the last quarter. 0.10% of the stock is currently owned by corporate 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.