Cwm LLC Has $4.24 Million Stake in Duke Energy Co. (NYSE:DUK)

Cwm LLC raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,252 shares of the utilities provider’s stock after purchasing an additional 1,841 shares during the quarter. Cwm LLC’s holdings in Duke Energy were worth $4,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 1st quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in Duke Energy in the fourth quarter valued at approximately $26,000. Private Wealth Management Group LLC acquired a new stake in Duke Energy during the 4th quarter worth $26,000. Riverview Trust Co acquired a new position in shares of Duke Energy in the 1st quarter valued at $30,000. Finally, Olistico Wealth LLC bought a new stake in Duke Energy in the second quarter valued at about $30,000. 65.31% of the stock is currently owned by institutional investors.

Insider Activity at Duke Energy

In other news, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 437,464 shares in the company, valued at approximately $45,190,031.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $7,057,253.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction that occurred on 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 in the company, valued at $45,190,031.20. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock valued at $2,750,815 over the last quarter. 0.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on DUK. BMO Capital Markets increased their price target on Duke Energy from $114.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI boosted their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday. KeyCorp increased 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. Scotiabank upped their price objective on Duke Energy from $94.00 to $104.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Wells Fargo & Company lifted their target price on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target of $106.75.

Duke Energy Stock Performance

DUK traded up $0.59 during trading hours on Wednesday, reaching $113.51. The company’s stock had a trading volume of 4,771,890 shares, compared to its average volume of 2,961,591. 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 company’s 50-day moving average is $104.25 and its 200-day moving average is $99.19. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $116.67. The firm has a market cap of $87.60 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities analysts forecast that Duke Energy Co. will post 5.97 EPS 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. This represents a $4.18 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Friday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. Duke Energy’s dividend payout ratio (DPR) is 105.03%.

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.