2,292 Shares in Duke Energy Co. (NYSE:DUK) Bought by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC bought a new stake in Duke Energy Co. (NYSE:DUKFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 2,292 shares of the utilities provider’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Sugarloaf Wealth Management LLC raised its holdings in shares of Duke Energy by 13.9% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after acquiring an additional 344 shares during the last quarter. Howard Wealth Management LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at about $219,000. Dynamic Advisor Solutions LLC raised its position in shares of Duke Energy by 4.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock valued at $2,545,000 after buying an additional 1,122 shares during the last quarter. Wagner Wealth Management LLC lifted its stake in shares of Duke Energy by 3.4% in the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after buying an additional 576 shares in the last quarter. Finally, Principal Securities Inc. purchased a new stake in Duke Energy during the 4th quarter valued at about $2,565,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $103.89 on Monday. The company has a market cap of $80.18 billion, a P/E ratio of 26.10, a P/E/G ratio of 2.77 and a beta of 0.45. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $103.93. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The stock has a 50-day moving average of $97.58 and a two-hundred day moving average of $95.20.

Duke Energy (NYSE:DUKGet Free Report) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping 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 firm had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the firm earned $1.20 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be paid a dividend of $1.025 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 3.95%. Duke Energy’s payout ratio is 103.02%.

Wall Street Analysts Forecast Growth

DUK has been the subject of several recent research reports. Scotiabank cut their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Wells Fargo & Company reduced their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, February 9th. Bank of America lifted their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Mizuho increased their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Finally, Barclays lifted their target price on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.69.

Check Out Our Latest Stock Report on Duke Energy

Insider Buying and Selling at Duke Energy

In related 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 transaction of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction dated 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 approximately $409.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock valued at $2,750,815 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

Duke Energy Profile

(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.

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

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