C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Has $654,000 Stock Position in Duke Energy Co. (NYSE:DUK)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in shares of Duke Energy Co. (NYSE:DUKFree Report) by 108.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,759 shares of the utilities provider’s stock after buying an additional 3,509 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Duke Energy were worth $654,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in shares of Duke Energy by 4.6% during the third quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after acquiring an additional 1,002,157 shares during the period. International Assets Investment Management LLC boosted its stake in Duke Energy by 9,164.0% in the 4th quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock valued at $95,031,000 after purchasing an additional 968,723 shares during the period. Assenagon Asset Management S.A. grew its holdings in Duke Energy by 4,163.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 882,552 shares of the utilities provider’s stock valued at $85,352,000 after buying an additional 861,854 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 842,458 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Duke Energy by 242.3% during the fourth quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider’s stock worth $101,348,000 after buying an additional 739,112 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In related news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director E Marie Mckee sold 1,695 shares of the business’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 value of $173,415.45. Following the transaction, the director now owns 4 shares in the company, valued at approximately $409.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,695 shares of company stock worth $2,750,815. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DUK shares. Mizuho lifted their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Scotiabank cut their price target 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. Bank of America raised their price objective on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Barclays lifted their price objective on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, KeyCorp raised their price target on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.33.

View Our Latest Research Report on DUK

Duke Energy Price Performance

Shares of Duke Energy stock traded up $1.66 during midday trading on Wednesday, hitting $102.60. 2,194,963 shares of the company traded hands, compared to its average volume of 2,907,586. The stock has a market cap of $79.18 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.76 and a beta of 0.45. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The firm’s fifty day moving average price is $101.61 and its 200-day moving average price is $97.61. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $104.87.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same period in the prior year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were paid a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s payout ratio is 103.02%.

Duke Energy 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.

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

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