Vestor Capital LLC Has $1.41 Million Holdings in Duke Energy Corporation $DUK

Vestor Capital LLC increased its holdings in Duke Energy Corporation (NYSE:DUK) by 762.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,951 shares of the utilities provider’s stock after buying an additional 10,565 shares during the period. Vestor Capital LLC’s holdings in Duke Energy were worth $1,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in DUK. Activest Wealth Management raised its holdings in Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy in the first quarter worth $27,000. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the second quarter valued at about $28,000. Mascoma Wealth Management LLC lifted its position in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its stake in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after buying an additional 198 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several analyst reports. Wells Fargo & Company upgraded shares of Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Barclays boosted their price objective on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Mizuho raised their target price on Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Evercore ISI started coverage on Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target for the company. Finally, Cowen assumed coverage on Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $138.44.

Duke Energy Stock Up 0.2%

Shares of DUK opened at $122.78 on Friday. 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 52 week low of $105.20 and a 52 week high of $130.03. The stock has a market capitalization of $95.48 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 3.05 and a beta of 0.45. The stock has a fifty day moving average of $124.37 and a 200-day moving average of $120.97.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $8.54 billion during 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%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

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

Insider Buying and Selling

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the sale, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. The trade was a 41.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

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.