Capital Advisors Wealth Management LLC Makes New $275,000 Investment in Duke Energy Co. (NYSE:DUK)

Capital Advisors Wealth Management LLC acquired a new stake in shares of Duke Energy Co. (NYSE:DUK) in the 1st quarter, HoldingsChannel reports. The fund acquired 2,842 shares of the utilities provider’s stock, valued at approximately $275,000.

A number of other institutional investors also recently modified their holdings of DUK. First Command Advisory Services Inc. increased its stake in Duke Energy by 1.4% during the fourth quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock worth $771,000 after purchasing an additional 110 shares during the period. Chemung Canal Trust Co. increased its stake in Duke Energy by 0.8% during the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after buying an additional 113 shares during the period. Verum Partners LLC lifted its holdings in Duke Energy by 3.1% during the 4th quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock worth $372,000 after buying an additional 115 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Duke Energy by 0.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock valued at $2,667,000 after buying an additional 115 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Duke Energy by 10.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,266 shares of the utilities provider’s stock worth $123,000 after acquiring an additional 116 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

NYSE DUK traded up $1.67 on Monday, reaching $101.51. The stock had a trading volume of 2,020,049 shares, compared to its average volume of 2,963,718. 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 stock has a market cap of $78.34 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 2.75 and a beta of 0.45. The business’s 50-day moving average price is $100.98 and its 200 day moving average price is $97.32. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $104.87.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating 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 firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the firm earned $1.20 EPS. Duke Energy’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were issued a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s dividend payout ratio is currently 103.02%.

Wall Street Analyst Weigh In

DUK has been the subject of a number of analyst reports. KeyCorp boosted their price objective on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. BMO Capital Markets boosted their price target on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Barclays raised their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Bank of America increased their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Morgan Stanley decreased their price target on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Monday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and an average target price of $102.33.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares in the company, valued at approximately $45,190,031.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of Duke Energy 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 sale, the chief executive officer now directly owns 437,464 shares in the company, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock valued at $2,750,815 in the last ninety days. Insiders own 0.10% of the company’s stock.

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.