AAF Wealth Management LLC Makes New $216,000 Investment in Duke Energy Co. (NYSE:DUK)

AAF Wealth Management LLC purchased a new position in Duke Energy Co. (NYSE:DUKFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,225 shares of the utilities provider’s stock, valued at approximately $216,000.

A number of other large investors have also bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Duke Energy by 7.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 770,507 shares of the utilities provider’s stock valued at $76,111,000 after buying an additional 53,515 shares during the last quarter. Westpac Banking Corp acquired a new position in shares of Duke Energy during the fourth quarter valued at about $701,000. First United Bank & Trust acquired a new position in shares of Duke Energy during the fourth quarter valued at about $167,000. Advisor OS LLC grew its holdings in shares of Duke Energy by 30.4% during the fourth quarter. Advisor OS LLC now owns 5,164 shares of the utilities provider’s stock valued at $501,000 after buying an additional 1,204 shares during the last quarter. Finally, 1ST Source Bank grew its holdings in shares of Duke Energy by 1.6% during the fourth quarter. 1ST Source Bank now owns 10,692 shares of the utilities provider’s stock valued at $1,038,000 after buying an additional 173 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DUK has been the topic of several analyst reports. Wells Fargo & Company cut their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, February 9th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Barclays lifted their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. BMO Capital Markets lifted their price objective on shares of Duke Energy from $104.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, Bank of America lifted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Hold” and a consensus price target of $101.31.

Read Our Latest Stock Analysis on DUK

Duke Energy Price Performance

Shares of NYSE DUK traded up $1.06 during mid-day trading on Wednesday, reaching $103.37. 2,635,585 shares of the company were exchanged, compared to its average volume of 3,010,243. 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 company’s 50 day moving average price is $97.05 and its 200 day moving average price is $94.89. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $103.83. The stock has a market capitalization of $79.78 billion, a PE ratio of 25.96, a PEG ratio of 2.74 and a beta of 0.45.

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 for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 EPS. Sell-side analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is 103.02%.

Insider Activity

In related news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the transaction, the director now directly owns 4 shares of the company’s stock, valued at $409.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were 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 $409.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the transaction, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

About Duke Energy

(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.

See Also

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

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