Graves Light Private Wealth Management Inc. Has $2.11 Million Holdings in Duke Energy Corp (NYSE:DUK)

Graves Light Private Wealth Management Inc. increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 8.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 23,878 shares of the utilities provider’s stock after acquiring an additional 1,857 shares during the quarter. Graves Light Private Wealth Management Inc.’s holdings in Duke Energy were worth $2,107,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Duke Energy by 2.6% in the 1st quarter. BlackRock Inc. now owns 49,544,716 shares of the utilities provider’s stock valued at $4,459,023,000 after purchasing an additional 1,274,643 shares during the period. Geode Capital Management LLC raised its stake in shares of Duke Energy by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 8,951,045 shares of the utilities provider’s stock valued at $771,079,000 after purchasing an additional 750,534 shares during the period. California Public Employees Retirement System raised its stake in shares of Duke Energy by 19.7% in the 1st quarter. California Public Employees Retirement System now owns 4,394,565 shares of the utilities provider’s stock valued at $395,511,000 after purchasing an additional 724,378 shares during the period. Swiss National Bank raised its stake in shares of Duke Energy by 2.8% in the 1st quarter. Swiss National Bank now owns 3,146,391 shares of the utilities provider’s stock valued at $283,175,000 after purchasing an additional 84,900 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Duke Energy by 5.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 2,427,229 shares of the utilities provider’s stock valued at $218,451,000 after purchasing an additional 127,056 shares during the period. 60.01% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director E Marie Mckee sold 1,781 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $87.37, for a total value of $155,605.97. Following the completion of the transaction, the director now owns 1 shares in the company, valued at approximately $87.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the completion of the transaction, the senior vice president now owns 6,091 shares of the company’s stock, valued at approximately $523,338.72. The disclosure for this sale can be found here. Insiders sold a total of 8,598 shares of company stock valued at $752,989 in the last 90 days. 0.09% of the stock is owned by corporate insiders.

Shares of NYSE DUK opened at $88.12 on Friday. The company has a market cap of $63.70 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 3.65 and a beta of 0.12. The firm has a 50-day moving average of $88.46. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.75 and a quick ratio of 0.49. Duke Energy Corp has a fifty-two week low of $78.00 and a fifty-two week high of $91.67.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, May 9th. The utilities provider reported $1.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.03. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. Duke Energy’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 EPS. On average, sell-side analysts anticipate that Duke Energy Corp will post 4.92 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be issued a $0.945 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, August 15th. This represents a $3.78 annualized dividend and a dividend yield of 4.29%. Duke Energy’s dividend payout ratio (DPR) is presently 78.60%.

Several analysts have issued reports on the company. Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target on the stock. in a research note on Wednesday, June 26th. KeyCorp assumed coverage on Duke Energy in a research note on Tuesday, June 4th. They issued a “sector weight” rating on the stock. JPMorgan Chase & Co. set a $90.00 price target on Duke Energy and gave the company a “hold” rating in a research note on Monday, May 20th. Bank of America downgraded Duke Energy from a “neutral” rating to an “underperform” rating in a research note on Monday, May 13th. Finally, ValuEngine downgraded Duke Energy from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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