Duke Energy Co. (NYSE:DUK) Shares Acquired by AE Wealth Management LLC

AE Wealth Management LLC raised its position in shares of Duke Energy Co. (NYSE:DUK) by 17.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,171 shares of the utilities provider’s stock after buying an additional 5,957 shares during the quarter. AE Wealth Management LLC’s holdings in Duke Energy were worth $4,026,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Wulff Hansen & CO. raised its position in shares of Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after acquiring an additional 761,590 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Duke Energy by 4.8% during the fourth quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock worth $1,081,125,000 after purchasing an additional 509,039 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new position in shares of Duke Energy in the 4th quarter worth about $41,874,000. Morningstar Investment Services LLC boosted its holdings in shares of Duke Energy by 96.1% in the 4th quarter. Morningstar Investment Services LLC now owns 789,612 shares of the utilities provider’s stock valued at $76,529,000 after buying an additional 387,038 shares during the period. Finally, BROOKFIELD Corp ON acquired a new stake in Duke Energy during the first quarter worth about $36,278,000. Institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wells Fargo & Company lifted their target price on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research report on Thursday, August 29th. KeyCorp boosted their price target on shares of Duke Energy from $117.00 to $121.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Bank of America increased their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Evercore ISI boosted their target price on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $116.36.

Duke Energy Trading Up 1.1 %

Duke Energy stock opened at $116.37 on Monday. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $118.31. The stock has a market capitalization 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 firm has a 50 day simple moving average of $112.55 and a 200-day simple moving average of $103.97. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. As a group, equities research analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were given a dividend of $1.045 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.59%. Duke Energy’s dividend payout ratio (DPR) is 105.03%.

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.