Duke Energy Co. (NYSE:DUK) Shares Bought by Aviance Capital Partners LLC

Aviance Capital Partners LLC raised its stake in Duke Energy Co. (NYSE:DUK) by 16.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,750 shares of the utilities provider’s stock after acquiring an additional 2,552 shares during the period. Aviance Capital Partners LLC’s holdings in Duke Energy were worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Chapin Davis Inc. raised its holdings in shares of Duke Energy by 1.8% in the first quarter. Chapin Davis Inc. now owns 7,675 shares of the utilities provider’s stock valued at $742,000 after buying an additional 133 shares during the last quarter. LVW Advisors LLC raised its holdings in shares of Duke Energy by 71.6% in the first quarter. LVW Advisors LLC now owns 15,506 shares of the utilities provider’s stock valued at $1,500,000 after buying an additional 6,470 shares during the last quarter. Breakwater Capital Group raised its holdings in shares of Duke Energy by 3.9% in the first quarter. Breakwater Capital Group now owns 2,912 shares of the utilities provider’s stock valued at $282,000 after buying an additional 109 shares during the last quarter. Trilogy Capital Inc. raised its holdings in shares of Duke Energy by 118.5% in the first quarter. Trilogy Capital Inc. now owns 5,753 shares of the utilities provider’s stock valued at $556,000 after buying an additional 3,120 shares during the last quarter. Finally, Red Door Wealth Management LLC raised its holdings in shares of Duke Energy by 9.7% in the first quarter. Red Door Wealth Management LLC now owns 34,360 shares of the utilities provider’s stock valued at $3,323,000 after buying an additional 3,029 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of research reports. Scotiabank reduced their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Bank of America increased their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Morgan Stanley cut their price target on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. KeyCorp increased their price target on shares of Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, BMO Capital Markets increased their target price on shares of Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned 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 $102.33.

Duke Energy Price Performance

Shares of DUK stock traded down $0.17 during trading hours on Monday, hitting $100.06. The company’s stock had a trading volume of 314,012 shares, compared to its average volume of 2,930,129. The business has a fifty day moving average of $101.37 and a 200-day moving average of $97.44. The stock has a market cap of $77.22 billion, a price-to-earnings ratio of 25.32, a P/E/G ratio of 2.75 and a beta of 0.45. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $104.87. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $7.31 billion. During the same quarter last year, the business earned $1.20 earnings per share. Duke Energy’s revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the sale, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,695 shares of company stock valued at $2,750,815 over the last quarter. Company insiders own 0.14% of the company’s stock.

Duke Energy Company 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.