GoalVest Advisory LLC Has $86,000 Stake in Duke Energy Co. (NYSE:DUK)

GoalVest Advisory LLC raised its position in Duke Energy Co. (NYSE:DUK) by 890.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 891 shares of the utilities provider’s stock after purchasing an additional 801 shares during the quarter. GoalVest Advisory LLC’s holdings in Duke Energy were worth $86,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sugarloaf Wealth Management LLC raised its stake in shares of Duke Energy by 13.9% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 344 shares during the period. Howard Wealth Management LLC acquired a new stake in shares of Duke Energy in the 4th quarter valued at about $219,000. Dynamic Advisor Solutions LLC increased its position in shares of Duke Energy by 4.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after acquiring an additional 1,122 shares during the last quarter. Western Pacific Wealth Management LP increased its position in shares of Duke Energy by 39.4% in the fourth quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 657 shares during the last quarter. Finally, Wagner Wealth Management LLC increased its position in shares of Duke Energy by 3.4% in the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock valued at $1,691,000 after acquiring an additional 576 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DUK shares. Morgan Stanley lowered their price target on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Monday. Barclays boosted their price target on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Mizuho boosted their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Bank of America increased their target price on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, KeyCorp boosted their price target on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average target price of $102.33.

Duke Energy Stock Performance

Duke Energy stock opened at $100.62 on Friday. 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 has a market cap of $77.66 billion, a PE ratio of 25.28, a P/E/G 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 business’s 50-day moving average price is $101.23 and its two-hundred day moving average price is $97.38.

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

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were issued a $1.025 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.07%. Duke Energy’s dividend payout ratio (DPR) is currently 103.02%.

Insider Activity

In other news, EVP Julia S. Janson sold 10,000 shares of the company’s stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Julia S. Janson sold 10,000 shares of the company’s stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction that occurred 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 directly owns 4 shares of the company’s stock, valued at approximately $409.24. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock valued at $2,750,815 over the last quarter. 0.10% of the stock is owned by company insiders.

Duke Energy Company 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.