Burkett Financial Services LLC Boosts Stake in Duke Energy Co. (NYSE:DUK)

Burkett Financial Services LLC increased its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 1.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 9,670 shares of the utilities provider’s stock after buying an additional 158 shares during the period. Duke Energy comprises about 0.5% of Burkett Financial Services LLC’s holdings, making the stock its 19th biggest position. Burkett Financial Services LLC’s holdings in Duke Energy were worth $935,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Wellington Management Group LLP raised its stake in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after acquiring an additional 1,002,157 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Duke Energy by 9,164.0% in the fourth quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock worth $95,031,000 after buying an additional 968,723 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Duke Energy by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock valued at $799,599,000 after acquiring an additional 842,458 shares in the last quarter. Nordea Investment Management AB increased its holdings in Duke Energy by 242.3% during the 4th quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider’s stock worth $101,348,000 after acquiring an additional 739,112 shares during the period. Finally, FMR LLC boosted its holdings in Duke Energy by 11.0% in the 3rd quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after purchasing an additional 715,069 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.8 %

Shares of Duke Energy stock traded down $0.79 during midday trading on Tuesday, reaching $100.01. 1,010,983 shares of the company’s stock traded hands, compared to its average volume of 2,940,944. 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 50 day moving average of $100.49 and a 200-day moving average of $97.07. The company has a market cap of $77.18 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 2.81 and a beta of 0.45. 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 issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.39 by $0.05. The business 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%. Duke Energy’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. As a group, equities analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

Insider Activity at Duke Energy

In other news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the transaction, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the sale, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director E Marie Mckee sold 1,695 shares of the stock in a transaction 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 sale, the director now directly owns 4 shares in the company, valued at $409.24. 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 90 days. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DUK. Bank of America upped their target price 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 boosted their price target on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. BMO Capital Markets lifted their price objective 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. KeyCorp increased their target price on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Mizuho lifted their price objective on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $102.75.

Check Out Our Latest Research Report on DUK

Duke Energy Company 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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