Sculati Wealth Management LLC Has $1.03 Million Stake in Duke Energy Corporation $DUK

Sculati Wealth Management LLC raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 15.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,721 shares of the utilities provider’s stock after buying an additional 1,156 shares during the period. Sculati Wealth Management LLC’s holdings in Duke Energy were worth $1,029,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GQG Partners LLC lifted its holdings in Duke Energy by 17,880.0% in the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares during the last quarter. Nuveen LLC acquired a new position in Duke Energy during the first quarter valued at approximately $702,351,000. Raymond James Financial Inc. raised its position in shares of Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after purchasing an additional 2,276,948 shares during the period. Vanguard Group Inc. lifted its stake in shares of Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of Duke Energy by 359.1% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock worth $138,145,000 after buying an additional 885,900 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DUK. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a report on Thursday. Evercore ISI initiated coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective on the stock. Wells Fargo & Company upgraded Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Jefferies Financial Group lifted their price target on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Cowen began coverage on Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $138.63.

Duke Energy Trading Down 0.7%

Duke Energy stock opened at $122.74 on Friday. The business has a 50 day moving average price of $124.17 and a two-hundred day moving average price of $120.92. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03. The stock has a market cap of $95.45 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.Duke Energy’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 earnings per share. As a group, equities analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is presently 66.98%.

Insider Buying and Selling at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

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.