Strategic Advisors LLC grew its holdings in Duke Energy Corp (NYSE:DUK) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,417 shares of the utilities provider’s stock after purchasing an additional 869 shares during the quarter. Strategic Advisors LLC’s holdings in Duke Energy were worth $1,978,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Canton Hathaway LLC acquired a new stake in shares of Duke Energy in the 1st quarter valued at approximately $25,000. Harvest Group Wealth Management LLC acquired a new stake in shares of Duke Energy in the 1st quarter valued at approximately $26,000. Thor Advisors LLC acquired a new stake in shares of Duke Energy in the 1st quarter valued at approximately $30,000. Larson Financial Group LLC raised its position in shares of Duke Energy by 65.5% in the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 167 shares during the period. Finally, Riverview Trust Co acquired a new stake in shares of Duke Energy in the 1st quarter valued at approximately $39,000. 60.01% of the stock is currently owned by institutional investors.
DUK stock traded up $0.94 during mid-day trading on Friday, hitting $88.44. 90,424 shares of the company were exchanged, compared to its average volume of 2,146,070. The company has a current ratio of 0.75, a quick ratio of 0.49 and a debt-to-equity ratio of 1.25. The company has a market cap of $63.88 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 3.66 and a beta of 0.14. The business has a 50 day simple moving average of $88.43. Duke Energy Corp has a 1-year low of $78.00 and a 1-year high of $91.67.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.945 per share. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, August 15th. Duke Energy’s dividend payout ratio (DPR) is 78.60%.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total transaction of $146,064.00. Following the sale, the senior vice president now directly owns 6,091 shares in the company, valued at approximately $523,338.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Marie Mckee sold 1,781 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $87.37, for a total transaction of $155,605.97. Following the sale, the director now owns 1 shares in the company, valued at $87.37. The disclosure for this sale can be found here. Insiders have sold a total of 8,598 shares of company stock worth $752,989 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.
A number of analysts recently weighed in on the stock. Barclays cut their price target on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 18th. Citigroup cut their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a research report on Tuesday. KeyCorp assumed coverage on shares of Duke Energy in a research report on Tuesday, June 4th. They issued a “sector weight” rating on the stock. ValuEngine downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Finally, Bank of America downgraded shares of Duke Energy from a “neutral” rating to an “underperform” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $91.50.
About Duke Energy
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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