Pathway Financial Advisers LLC Has $5.86 Million Position in Duke Energy Co. (NYSE:DUK)

Pathway Financial Advisers LLC lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,575 shares of the utilities provider’s stock after buying an additional 488 shares during the period. Duke Energy makes up 2.1% of Pathway Financial Advisers LLC’s portfolio, making the stock its 5th biggest position. Pathway Financial Advisers LLC’s holdings in Duke Energy were worth $5,856,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DUK. Vanguard Group Inc. raised its holdings in shares of Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after purchasing an additional 324,289 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of Duke Energy by 3.2% in the 1st quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after buying an additional 352,320 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after acquiring an additional 40,243 shares during the period. Mackenzie Financial Corp increased its position in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the last quarter. Finally, Capital Wealth Planning LLC lifted its holdings in Duke Energy by 1.6% in the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock valued at $190,845,000 after acquiring an additional 31,309 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was 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 in the company, valued at $2,259,617.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DUK shares. Wells Fargo & Company boosted their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. KeyCorp increased their price target on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays lifted their price target on shares of Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. BMO Capital Markets raised their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their price objective on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $117.07.

Duke Energy Stock Down 0.6 %

NYSE DUK opened at $115.30 on Tuesday. The stock has a 50 day moving average price of $113.65 and a 200-day moving average price of $104.85. Duke Energy Co. has a one year low of $83.06 and a one year high of $118.31. The company has a market capitalization of $88.98 billion, a P/E ratio of 28.97, a P/E/G ratio of 3.22 and a beta of 0.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion during 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 company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. As a group, equities analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were issued 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 was Friday, August 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.63%. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

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.