Valeo Financial Advisors LLC Has $2.07 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Valeo Financial Advisors LLC increased its position in Duke Energy Co. (NYSE:DUK) by 14.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,368 shares of the utilities provider’s stock after buying an additional 2,747 shares during the period. Valeo Financial Advisors LLC’s holdings in Duke Energy were worth $2,066,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC lifted its position in 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 acquiring an additional 344 shares in the last quarter. Howard Wealth Management LLC purchased a new position in shares of Duke Energy in the 4th quarter worth approximately $219,000. Dynamic Advisor Solutions LLC boosted its stake in shares of Duke Energy by 4.5% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after buying an additional 1,122 shares during the last quarter. Western Pacific Wealth Management LP boosted its stake in shares of Duke Energy by 39.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock worth $226,000 after buying an additional 657 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Duke Energy by 3.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock worth $42,084,000 after buying an additional 13,406 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owns 437,464 shares in the company, valued at $45,190,031.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owns 437,464 shares in the company, valued at $45,190,031.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 68,657 shares of the company’s stock, valued at $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 three months. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DUK shares. KeyCorp upped their price objective on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Mizuho upped their price objective on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Morgan Stanley dropped 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. Scotiabank dropped their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, BMO Capital Markets increased their target price on Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

Duke Energy Stock Up 0.0 %

DUK opened at $99.84 on Thursday. The stock has a market cap of $77.05 billion, a PE ratio of 25.09, a P/E/G ratio of 2.74 and a beta of 0.45. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $104.87. The business’s fifty day simple moving average is $101.42 and its 200 day simple moving average is $97.47.

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

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were given a dividend of $1.025 per share. The ex-dividend date was Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 4.11%. Duke Energy’s payout ratio is 103.02%.

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.