Curi Wealth Management LLC Decreases Position in Duke Energy Co. (NYSE:DUK)

Curi Wealth Management LLC trimmed its position in Duke Energy Co. (NYSE:DUKFree Report) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,293 shares of the utilities provider’s stock after selling 238 shares during the period. Curi Wealth Management LLC’s holdings in Duke Energy were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP increased its position in shares of Duke Energy by 4.6% in the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after buying an additional 1,002,157 shares in the last quarter. Morgan Stanley increased its stake in shares of Duke Energy by 4.9% during the third quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock worth $923,907,000 after purchasing an additional 492,011 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Duke Energy by 11.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock worth $799,599,000 after purchasing an additional 842,458 shares during the last quarter. Northern Trust Corp lifted its stake in Duke Energy by 1.9% in the 3rd quarter. Northern Trust Corp now owns 7,918,910 shares of the utilities provider’s stock valued at $698,923,000 after buying an additional 144,612 shares in the last quarter. Finally, FMR LLC increased its stake in Duke Energy by 11.0% during the 3rd quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock worth $635,952,000 after buying an additional 715,069 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of Duke Energy stock traded down $0.59 during trading on Tuesday, hitting $102.30. 2,168,163 shares of the company were exchanged, compared to its average volume of 3,014,273. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average price of $96.86 and a 200 day moving average price of $94.79. The stock has a market capitalization of $78.95 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 2.74 and a beta of 0.45. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $103.83.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings data 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. The business had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 earnings per share. On average, equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be issued a $1.025 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 4.01%. Duke Energy’s dividend payout ratio is currently 103.02%.

Insiders Place Their Bets

In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total value of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares in the company, valued at approximately $7,057,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DUK. Scotiabank cut their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Wells Fargo & Company decreased their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Bank of America lifted their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Barclays upped their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, BMO Capital Markets upped their price target on Duke Energy from $104.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy presently has an average rating of “Hold” and an average price target of $101.31.

Read Our Latest Analysis on Duke Energy

Duke Energy Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.