CreativeOne Wealth LLC Acquires 2,120 Shares of Duke Energy Co. (NYSE:DUK)

CreativeOne Wealth LLC raised its holdings in Duke Energy Co. (NYSE:DUK) by 29.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,392 shares of the utilities provider’s stock after acquiring an additional 2,120 shares during the period. CreativeOne Wealth LLC’s holdings in Duke Energy were worth $908,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy during the first quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Duke Energy during the fourth quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Duke Energy during the fourth quarter valued at about $26,000. Riverview Trust Co acquired a new stake in shares of Duke Energy during the first quarter valued at about $30,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Duke Energy during the fourth quarter valued at about $31,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DUK. 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 research note on Thursday, July 11th. Scotiabank cut their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. KeyCorp lifted their price objective on Duke Energy from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Morgan Stanley cut their price objective on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. Finally, Mizuho lifted their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.58.

Duke Energy Trading Up 0.4 %

DUK traded up $0.47 during trading on Friday, hitting $108.03. The company’s stock had a trading volume of 2,270,522 shares, compared to its average volume of 2,489,480. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $110.02. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The stock’s fifty day moving average price is $102.79 and its 200-day moving average price is $98.41. The firm has a market capitalization of $83.37 billion, a P/E ratio of 27.14, a PEG ratio of 2.96 and a beta of 0.45.

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

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be issued a dividend of $1.045 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.87%. Duke Energy’s payout ratio is currently 103.02%.

Insider Activity

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 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 owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction 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 owns 437,464 shares in the company, valued at $45,190,031.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Julia S. Janson sold 10,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the sale, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock worth $2,750,815 over 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.