Fiduciary Family Office LLC acquired a new position in shares of Duke Energy Co. (NYSE:DUK – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,183 shares of the utilities provider’s stock, valued at approximately $211,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new stake in Duke Energy in the 1st quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in Duke Energy in the fourth quarter valued at approximately $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in shares of Duke Energy during the 1st quarter worth approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in Duke Energy in the 4th quarter valued at $31,000. 65.31% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, Director E Marie Mckee sold 1,695 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now owns 4 shares in the company, valued at $409.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the sale, the director now directly owns 4 shares in the company, valued at approximately $409.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,695 shares of company stock valued at $2,750,815. Company insiders own 0.10% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Research Report on DUK
Duke Energy Stock Performance
Shares of NYSE DUK traded down $0.07 during midday trading on Monday, hitting $105.32. 2,711,025 shares of the stock traded hands, compared to its average volume of 2,915,950. The firm has a 50-day moving average of $101.87 and a two-hundred day moving average of $97.77. Duke Energy Co. has a one year low of $83.06 and a one year high of $105.90. 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 firm has a market capitalization of $81.28 billion, a P/E ratio of 26.46, a PEG ratio of 2.89 and a beta of 0.45.
Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.39 by $0.05. The firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, equities analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.
Duke Energy Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be paid a $1.045 dividend. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a yield of 3.97%. Duke Energy’s dividend payout ratio (DPR) is 103.02%.
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.
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