BKM Wealth Management LLC Buys 197 Shares of Duke Energy Co. (NYSE:DUK)

BKM Wealth Management LLC boosted its stake in Duke Energy Co. (NYSE:DUK) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,831 shares of the utilities provider’s stock after purchasing an additional 197 shares during the quarter. BKM Wealth Management LLC’s holdings in Duke Energy were worth $177,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Duke Energy by 3.3% in 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 acquiring an additional 109 shares in the last quarter. Breakwater Capital Group raised its holdings in shares of Duke Energy by 3.9% in the 1st quarter. Breakwater Capital Group now owns 2,912 shares of the utilities provider’s stock valued at $282,000 after acquiring an additional 109 shares in the last quarter. First Command Advisory Services Inc. raised its holdings in shares of Duke Energy by 1.4% in the 4th quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after acquiring an additional 110 shares in the last quarter. Chemung Canal Trust Co. raised its holdings in shares of Duke Energy by 0.8% in the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock valued at $1,405,000 after acquiring an additional 113 shares in the last quarter. Finally, Verum Partners LLC raised its holdings in shares of Duke Energy by 3.1% in the 4th quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock valued at $372,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of several recent analyst reports. 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 report on Monday, June 24th. KeyCorp raised their price objective on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Barclays raised their price objective on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Bank of America raised their price objective on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, BMO Capital Markets raised their price objective on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $102.33.

Insider Activity at Duke Energy

In related news, CEO Lynn J. Good sold 15,000 shares of Duke Energy 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 sale, the chief executive officer now directly owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Lynn J. Good sold 15,000 shares of Duke Energy 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 sale, the chief executive officer now directly owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy 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 sale, the director now owns 4 shares in the company, valued at $409.24. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock worth $2,750,815 over the last ninety days. 0.14% of the stock is owned by corporate insiders.

Duke Energy Price Performance

Shares of DUK stock opened at $99.35 on Tuesday. The firm has a market cap of $76.68 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.75 and a beta of 0.45. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $104.87. The business’s 50 day moving average price is $101.37 and its 200-day moving average price is $97.44. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. The firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. On average, equities research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were given 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 4.13%. Duke Energy’s dividend payout ratio is currently 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.