Rise Advisors LLC Takes $41,000 Position in Duke Energy Co. (NYSE:DUK)

Rise Advisors LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUK) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 423 shares of the utilities provider’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Robertson Stephens Wealth Management LLC purchased a new position in shares of Duke Energy during the 3rd quarter worth approximately $275,000. Glenview Trust co raised its position in Duke Energy by 34.7% in the third quarter. Glenview Trust co now owns 18,710 shares of the utilities provider’s stock valued at $1,651,000 after purchasing an additional 4,820 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Duke Energy by 149.2% during the third quarter. V Square Quantitative Management LLC now owns 3,464 shares of the utilities provider’s stock worth $306,000 after buying an additional 2,074 shares during the period. Regal Investment Advisors LLC grew its stake in shares of Duke Energy by 6.3% in the third quarter. Regal Investment Advisors LLC now owns 37,689 shares of the utilities provider’s stock valued at $3,326,000 after buying an additional 2,238 shares in the last quarter. Finally, LPL Financial LLC raised its holdings 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 buying an additional 33,161 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the transaction, the director now owns 4 shares in the company, valued at $409.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the sale, the executive vice president now owns 68,657 shares in the company, valued at $7,057,253.03. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director E Marie Mckee sold 1,695 shares of the firm’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 transaction, the director now owns 4 shares in the company, valued at $409.24. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock worth $2,750,815 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Duke Energy Stock Performance

NYSE:DUK opened at $100.10 on Friday. The firm has a market capitalization of $77.25 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.75 and a beta of 0.45. 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 business’s fifty day moving average price is $100.73 and its 200 day moving average price is $97.16. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $104.87.

Duke Energy (NYSE:DUK) last issued 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. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DUK shares. KeyCorp raised their target price on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Bank of America lifted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Morgan Stanley increased their target price on shares of Duke Energy from $95.00 to $103.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Scotiabank dropped their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Finally, Mizuho increased their price objective on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $102.75.

Duke Energy 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.