One Capital Management LLC Takes Position in Duke Energy Co. (NYSE:DUK)

One Capital Management LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,249 shares of the utilities provider’s stock, valued at approximately $426,000.

Several other institutional investors have also recently made changes to their positions in the stock. Northwest Investment Counselors LLC purchased a new position in shares of Duke Energy during the 1st quarter valued at $25,000. Fortitude Family Office LLC increased its stake in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 119 shares during the last quarter. Riverview Trust Co bought a new position in shares of Duke Energy in the first quarter worth approximately $30,000. Olistico Wealth LLC purchased a new stake in Duke Energy in the second quarter valued at approximately $30,000. Finally, Cedar Wealth Management LLC grew its stake in Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DUK shares. BMO Capital Markets raised their price target on Duke Energy from $114.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Evercore ISI boosted their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company boosted their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, KeyCorp boosted their target price on Duke Energy from $117.00 to $121.00 and gave the company an “overweight” rating in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $114.23.

Duke Energy Price Performance

DUK stock opened at $116.72 on Wednesday. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $118.31. The company has a market cap of $90.08 billion, a P/E ratio of 29.33, a PEG ratio of 3.19 and a beta of 0.47. The firm has a 50-day moving average of $111.85 and a 200 day moving average of $103.49. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. On average, sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were paid a dividend of $1.045 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Friday, August 16th. Duke Energy’s dividend payout ratio (DPR) is currently 105.03%.

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.