TruWealth Advisors LLC Invests $592,000 in Duke Energy Corporation $DUK

TruWealth Advisors LLC acquired a new stake in shares of Duke Energy Corporation (NYSE:DUK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,783 shares of the utilities provider’s stock, valued at approximately $592,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Duke Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock valued at $8,934,580,000 after acquiring an additional 1,154,783 shares during the last quarter. Geode Capital Management LLC increased its position in Duke Energy by 1.7% during the second quarter. Geode Capital Management LLC now owns 18,684,447 shares of the utilities provider’s stock worth $2,205,070,000 after buying an additional 319,001 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in Duke Energy by 11,417.7% during the second quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock worth $2,084,917,000 after buying an additional 17,515,383 shares during the last quarter. Royal Bank of Canada raised its holdings in Duke Energy by 4.9% during the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after buying an additional 418,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Duke Energy by 0.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 8,691,150 shares of the utilities provider’s stock worth $1,025,244,000 after acquiring an additional 34,906 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the sale, the executive vice president directly owned 11,367 shares in the company, valued at approximately $1,407,234.60. This represents a 41.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Morgan Stanley reissued an “underperform” rating on shares of Duke Energy in a research report on Thursday, November 20th. Barclays raised their target price on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. TD Cowen initiated coverage on shares of Duke Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $143.00 target price on the stock. Finally, Royal Bank Of Canada upgraded shares of Duke Energy to a “hold” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.06.

Duke Energy Stock Performance

NYSE:DUK opened at $116.76 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. The firm’s 50-day moving average is $123.21 and its 200-day moving average is $121.24. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03. The company has a market cap of $90.80 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 2.66 and a beta of 0.49.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.62 earnings per share. Equities research analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

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 dividend of $1.065 per share. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.6%. Duke Energy’s dividend payout ratio (DPR) is currently 66.98%.

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.