Insight Wealth Partners LLC Makes New Investment in Duke Energy Corporation $DUK

Insight Wealth Partners LLC acquired a new stake in Duke Energy Corporation (NYSE:DUKFree Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,813 shares of the utilities provider’s stock, valued at approximately $609,000.

Other hedge funds have also bought and sold shares of the company. Basso Capital Management L.P. bought a new stake in Duke Energy during the fourth quarter valued at $25,000. Evolution Wealth Management Inc. raised its position in shares of Duke Energy by 1,111.1% in the 4th quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Triumph Capital Management lifted its stake in shares of Duke Energy by 68.6% in the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 94 shares during the period. Cornerstone Financial Management LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at about $28,000. Finally, Evergreen Advisors LLC acquired a new stake in Duke Energy during the first quarter worth approximately $36,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on Duke Energy from $136.00 to $141.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. BMO Capital Markets lowered their price objective on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. KeyCorp upgraded shares of Duke Energy from a “sector weight” rating to an “overweight” rating and set a $139.00 target price on the stock in a research report on Thursday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a report on Friday, July 31st. Finally, Mizuho set a $136.00 price target on shares of Duke Energy in a research note on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $137.94.

View Our Latest Research Report on DUK

Duke Energy Trading Up 0.9%

NYSE DUK opened at $121.32 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. Duke Energy Corporation has a 52 week low of $113.89 and a 52 week high of $134.49. The business has a 50 day moving average price of $124.48 and a 200-day moving average price of $126.36. The company has a market cap of $94.59 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.80 and a beta of 0.37.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. The company had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%.Duke Energy’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $1.25 EPS. As a group, equities analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Stockholders of record on Friday, August 14th will be issued a dividend of $1.085 per share. This is an increase from Duke Energy’s previous quarterly dividend of $1.06. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, August 14th. Duke Energy’s dividend payout ratio is 65.17%.

About Duke Energy

(Free Report)

Duke Energy Corporation is an electric and natural gas utility holding company headquartered in Charlotte, North Carolina. The company generates, transmits, distributes and sells electricity, with a generation portfolio that includes natural gas, nuclear, coal, hydroelectric and renewable energy resources. It also operates natural gas distribution businesses and provides related energy services.

Duke Energy’s regulated electric utilities serve residential, commercial and industrial customers across the Carolinas, Florida, Indiana, Ohio and Kentucky.

See Also

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.