Duke Energy Corporation $DUK Shares Bought by Ethos Financial Group LLC

Ethos Financial Group LLC grew its holdings in Duke Energy Corporation (NYSE:DUK) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,248 shares of the utilities provider’s stock after buying an additional 1,534 shares during the quarter. Ethos Financial Group LLC’s holdings in Duke Energy were worth $1,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Simon Quick Advisors LLC grew its holdings in shares of Duke Energy by 42.2% in the 2nd quarter. Simon Quick Advisors LLC now owns 7,444 shares of the utilities provider’s stock worth $878,000 after acquiring an additional 2,210 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Duke Energy by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after purchasing an additional 93,699 shares in the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in Duke Energy by 8.1% in the first quarter. Beacon Investment Advisory Services Inc. now owns 51,354 shares of the utilities provider’s stock valued at $6,264,000 after purchasing an additional 3,837 shares during the last quarter. Resolution Capital Ltd increased its position in shares of Duke Energy by 7.6% in the first quarter. Resolution Capital Ltd now owns 59,995 shares of the utilities provider’s stock valued at $7,318,000 after buying an additional 4,255 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after buying an additional 2,276,948 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the sale, the senior vice president directly owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada raised shares of Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Mizuho upped their price target on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. Barclays upped their target price on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Wells Fargo & Company raised Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Duke Energy Stock Up 0.2%

Shares of NYSE DUK opened at $124.05 on Friday. The firm has a market cap of $96.46 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The firm’s 50 day moving average price is $123.95 and its 200 day moving average price is $120.82.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm posted $1.18 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Duke Energy Company Profile

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.