2,112 Shares in Duke Energy Co. (NYSE:DUK) Acquired by AlTi Global Inc.

AlTi Global Inc. acquired a new stake in Duke Energy Co. (NYSE:DUK) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,112 shares of the utilities provider’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alley Investment Management Company LLC lifted its position in Duke Energy by 0.9% during the 2nd quarter. Alley Investment Management Company LLC now owns 55,705 shares of the utilities provider’s stock worth $5,583,000 after buying an additional 516 shares in the last quarter. Point72 Europe London LLP bought a new position in shares of Duke Energy in the second quarter worth about $1,503,000. Toronto Dominion Bank lifted its position in shares of Duke Energy by 47.8% during the second quarter. Toronto Dominion Bank now owns 402,982 shares of the utilities provider’s stock worth $40,391,000 after purchasing an additional 130,272 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Duke Energy by 60.1% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 147,761 shares of the utilities provider’s stock valued at $14,810,000 after purchasing an additional 55,453 shares during the last quarter. Finally, Providence Capital Advisors LLC raised its position in Duke Energy by 1.1% in the 2nd quarter. Providence Capital Advisors LLC now owns 37,452 shares of the utilities provider’s stock worth $3,754,000 after purchasing an additional 407 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.9 %

NYSE:DUK opened at $115.17 on Friday. The stock has a market cap of $88.93 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 3.22 and a beta of 0.47. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The stock has a 50-day moving average price of $113.15 and a two-hundred day moving average price of $104.36. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $118.31.

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

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were paid a $1.045 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.63%. Duke Energy’s dividend payout ratio (DPR) is currently 105.03%.

Insider Activity

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

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Barclays upped their target price on shares of Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Scotiabank lifted their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI increased their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $116.79.

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.