Breakwater Capital Group Buys 109 Shares of Duke Energy Co. (NYSE:DUK)

Breakwater Capital Group lifted its stake in Duke Energy Co. (NYSE:DUK) by 3.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,912 shares of the utilities provider’s stock after acquiring an additional 109 shares during the quarter. Breakwater Capital Group’s holdings in Duke Energy were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Trilogy Capital Inc. grew its position in Duke Energy by 118.5% during the first quarter. Trilogy Capital Inc. now owns 5,753 shares of the utilities provider’s stock valued at $556,000 after buying an additional 3,120 shares during the period. Red Door Wealth Management LLC lifted its position in Duke Energy by 9.7% during the first quarter. Red Door Wealth Management LLC now owns 34,360 shares of the utilities provider’s stock valued at $3,323,000 after purchasing an additional 3,029 shares in the last quarter. Cornerstone Wealth Group LLC grew its holdings in Duke Energy by 38.7% during the first quarter. Cornerstone Wealth Group LLC now owns 20,421 shares of the utilities provider’s stock valued at $1,975,000 after purchasing an additional 5,701 shares during the period. Fox Hill Wealth Management raised its stake in shares of Duke Energy by 176.2% in the first quarter. Fox Hill Wealth Management now owns 18,402 shares of the utilities provider’s stock worth $1,780,000 after buying an additional 11,740 shares during the period. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its position in shares of Duke Energy by 3.3% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,390 shares of the utilities provider’s stock valued at $328,000 after buying an additional 109 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In related news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the transaction, the executive vice president now directly owns 68,657 shares in the company, valued at approximately $7,057,253.03. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Lynn J. Good sold 15,000 shares of the 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 of the company’s stock, valued at approximately $45,190,031.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Julia S. Janson sold 10,000 shares of the business’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 transaction of $1,027,900.00. Following the sale, the executive vice president now directly owns 68,657 shares in the company, valued at approximately $7,057,253.03. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,695 shares of company stock valued at $2,750,815. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Trading Down 0.4 %

DUK opened at $100.23 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54. The firm has a market cap of $77.35 billion, a price-to-earnings ratio of 25.18, a PEG 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 stock has a fifty day moving average price of $101.37 and a 200-day moving average price of $97.44.

Duke Energy (NYSE:DUK) last announced 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. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the previous year, the company posted $1.20 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were paid a $1.025 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 4.09%. Duke Energy’s dividend payout ratio (DPR) is 103.02%.

Analyst Ratings Changes

Several equities analysts have weighed in on DUK shares. Barclays lifted their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. KeyCorp boosted their price target on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Bank of America lifted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Scotiabank reduced their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Finally, Mizuho raised their price objective on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $102.33.

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.