Trust Investment Advisors Buys 100 Shares of Duke Energy Co. (NYSE:DUK)

Trust Investment Advisors raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,024 shares of the utilities provider’s stock after purchasing an additional 100 shares during the period. Trust Investment Advisors’ holdings in Duke Energy were worth $1,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in DUK. Wulff Hansen & CO. raised its holdings 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 worth $77,103,000 after acquiring an additional 761,590 shares in the last quarter. Capital Research Global Investors raised its stake in 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 valued at $1,081,125,000 after purchasing an additional 509,039 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC bought a new position in Duke Energy during the fourth quarter valued at $41,874,000. Morningstar Investment Services LLC grew its stake 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 worth $76,529,000 after buying an additional 387,038 shares in the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in shares of Duke Energy in the 1st quarter worth about $36,278,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

Duke Energy stock opened at $115.14 on Friday. The stock has a market cap of $88.86 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 3.19 and a beta of 0.47. The firm has a 50-day moving average of $112.33 and a two-hundred day moving average of $103.66. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $118.31. 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 announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping 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%. Duke Energy’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.91 earnings per share. On average, research analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were paid a $1.045 dividend. The ex-dividend date was Friday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a yield of 3.63%. Duke Energy’s dividend payout ratio is 105.03%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DUK. Bank of America lifted their price target on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets boosted their target price on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday. Jefferies Financial Group assumed coverage on Duke Energy in a research report on Thursday. They issued a “buy” rating and a $138.00 price target for the company. Barclays boosted their price objective on shares of Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $116.36.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.