Profund Advisors LLC Has $4.27 Million Holdings in Duke Energy Co. (NYSE:DUK)

Profund Advisors LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 48.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,617 shares of the utilities provider’s stock after buying an additional 13,846 shares during the period. Profund Advisors LLC’s holdings in Duke Energy were worth $4,272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the first quarter worth $25,000. Fortitude Family Office LLC increased its holdings in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares during the last quarter. Riverview Trust Co acquired a new position in Duke Energy during the first quarter worth $30,000. Olistico Wealth LLC acquired a new position in Duke Energy during the second quarter worth $30,000. Finally, Cedar Wealth Management LLC increased its holdings in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after buying an additional 169 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Up 1.1 %

DUK stock opened at $116.37 on Friday. The company has a market cap of $89.81 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.19 and a beta of 0.47. The business has a 50-day simple moving average of $112.55 and a 200 day simple moving average of $103.90. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $118.31. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. Duke Energy’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Sell-side analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date was Friday, August 16th. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. Duke Energy’s payout ratio is 105.03%.

Analyst Ratings Changes

A number of research firms have commented on DUK. Jefferies Financial Group began coverage on shares of Duke Energy in a research report on Thursday. They set a “buy” rating and a $138.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Barclays lifted their price objective on shares of Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Evercore ISI lifted their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, KeyCorp lifted their price objective on shares of Duke Energy from $117.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.36.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by 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.