Duke Energy Co. (NYSE:DUK) Shares Purchased by Cwm LLC

Cwm LLC raised its stake in Duke Energy Co. (NYSE:DUKFree Report) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,411 shares of the utilities provider’s stock after purchasing an additional 3,043 shares during the quarter. Cwm LLC’s holdings in Duke Energy were worth $3,908,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DUK. Robertson Stephens Wealth Management LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at $275,000. Glenview Trust co raised its stake in shares of Duke Energy by 34.7% in the 3rd quarter. Glenview Trust co now owns 18,710 shares of the utilities provider’s stock valued at $1,651,000 after acquiring an additional 4,820 shares during the period. V Square Quantitative Management LLC raised its stake in shares of Duke Energy by 149.2% in the 3rd quarter. V Square Quantitative Management LLC now owns 3,464 shares of the utilities provider’s stock valued at $306,000 after acquiring an additional 2,074 shares during the period. Regal Investment Advisors LLC raised its stake in shares of Duke Energy by 6.3% in the 3rd quarter. Regal Investment Advisors LLC now owns 37,689 shares of the utilities provider’s stock valued at $3,326,000 after acquiring an additional 2,238 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Duke Energy by 2.3% in the 3rd quarter. LPL Financial LLC now owns 1,493,081 shares of the utilities provider’s stock valued at $131,779,000 after acquiring an additional 33,161 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Scotiabank dropped their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Mizuho boosted their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Barclays boosted their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Finally, Morgan Stanley boosted their target price on shares of Duke Energy from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.75.

Get Our Latest Research Report on DUK

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the completion of the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the completion of the sale, the director now directly owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock valued at $2,750,815 in the last ninety days. Company insiders own 0.14% of the company’s stock.

Duke Energy Stock Performance

Shares of NYSE DUK traded down $0.77 during midday trading on Wednesday, hitting $100.03. The company’s stock had a trading volume of 2,469,400 shares, compared to its average volume of 2,509,543. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $104.87. The firm’s fifty day moving average price is $100.54 and its 200-day moving average price is $97.12. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The firm has a market cap of $77.20 billion, a P/E ratio of 25.14, a P/E/G ratio of 2.77 and a beta of 0.45.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. During the same period in the previous year, the business posted $1.20 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were paid a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date was Thursday, May 16th. Duke Energy’s payout ratio is 103.02%.

About Duke Energy

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUKFree Report).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.