KPP Advisory Services LLC Has $339,000 Holdings in Duke Energy Co. (NYSE:DUK)

KPP Advisory Services LLC raised its position in shares of Duke Energy Co. (NYSE:DUK) by 9.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,386 shares of the utilities provider’s stock after buying an additional 280 shares during the period. KPP Advisory Services LLC’s holdings in Duke Energy were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Mackenzie Financial Corp increased its holdings in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after purchasing an additional 813,744 shares in the last quarter. Wulff Hansen & CO. increased its stake in shares of Duke Energy by 9,923.0% in the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after buying an additional 761,590 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Duke Energy by 4.8% in the fourth quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock valued at $1,081,125,000 after buying an additional 509,039 shares during the last quarter. Morningstar Investment Services LLC lifted its position in Duke Energy by 96.1% during the 4th quarter. Morningstar Investment Services LLC now owns 789,612 shares of the utilities provider’s stock worth $76,529,000 after buying an additional 387,038 shares in the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in Duke Energy during the 1st quarter worth about $36,278,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated 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 directly 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 Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DUK. KeyCorp boosted their target price on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday. Bank of America boosted their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. 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, September 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Finally, JPMorgan Chase & Co. boosted their price objective on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $118.21.

Duke Energy Price Performance

Shares of NYSE DUK opened at $116.22 on Wednesday. The company has a fifty day moving average price of $113.83 and a 200 day moving average price of $105.00. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $118.31. The firm has a market cap of $89.69 billion, a PE ratio of 29.20, 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.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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 the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. Duke Energy’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. Research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were issued a dividend of $1.045 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, August 16th. This represents a $4.18 annualized dividend and a yield of 3.60%. Duke Energy’s dividend payout ratio is presently 105.03%.

About Duke Energy

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.