Trilogy Capital Inc. Acquires 3,120 Shares of Duke Energy Co. (NYSE:DUK)

Trilogy Capital Inc. boosted its holdings in Duke Energy Co. (NYSE:DUK) by 118.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,753 shares of the utilities provider’s stock after buying an additional 3,120 shares during the period. Trilogy Capital Inc.’s holdings in Duke Energy were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Sugarloaf Wealth Management LLC lifted its holdings in Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 344 shares in the last quarter. Howard Wealth Management LLC purchased a new position in Duke Energy during the fourth quarter valued at approximately $219,000. Dynamic Advisor Solutions LLC increased its holdings in Duke Energy by 4.5% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after acquiring an additional 1,122 shares during the period. Western Pacific Wealth Management LP lifted its stake in Duke Energy by 39.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 657 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Duke Energy by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock valued at $42,084,000 after purchasing an additional 13,406 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays lifted their price objective on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Scotiabank decreased their price objective on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. KeyCorp lifted their target price on shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. 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. Finally, Mizuho lifted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.33.

Insider Activity at Duke Energy

In other Duke Energy news, 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 completion of the transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, 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 completion of the transaction, the director now owns 4 shares of the company’s stock, valued at approximately $409.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was 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 in the company, valued at $45,190,031.20. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock worth $2,750,815 over the last ninety days. 0.10% of the stock is owned by corporate insiders.

Duke Energy Price Performance

DUK opened at $100.23 on Monday. The stock’s 50 day moving average price is $101.37 and its 200-day moving average price is $97.44. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $104.87. The stock has a market capitalization of $77.35 billion, a PE ratio of 25.18, 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 quick ratio of 0.50 and a current ratio of 0.78.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (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 company had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the previous year, the company earned $1.20 earnings per share. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were paid a $1.025 dividend. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s payout ratio is presently 103.02%.

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.