Armor Investment Advisors LLC grew its position in shares of Duke Energy Co. (NYSE:DUK) by 4.3% in the first quarter, HoldingsChannel reports. The fund owned 42,414 shares of the utilities provider’s stock after acquiring an additional 1,755 shares during the period. Duke Energy makes up 2.7% of Armor Investment Advisors LLC’s portfolio, making the stock its 8th largest position. Armor Investment Advisors LLC’s holdings in Duke Energy were worth $4,094,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in DUK. Simon Quick Advisors LLC raised its stake in shares of Duke Energy by 161.2% during the 4th quarter. Simon Quick Advisors LLC now owns 269 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 166 shares in the last quarter. Greenhouse Wealth Management LLC bought a new stake in shares of Duke Energy during the 4th quarter worth approximately $25,000. Defined Wealth Management LLC bought a new stake in Duke Energy in the 4th quarter valued at $26,000. Joseph P. Lucia & Associates LLC raised its stake in Duke Energy by 166.0% in the 1st quarter. Joseph P. Lucia & Associates LLC now owns 266 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 166 shares during the period. Finally, Crescent Capital Consulting LLC bought a new stake in Duke Energy in the 4th quarter valued at $27,000. Institutional investors own 63.48% of the company’s stock.
In other Duke Energy news, SVP Dwight L. Jacobs sold 1,802 shares of the business’s stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $89.35, for a total value of $161,008.70. Following the sale, the senior vice president now directly owns 5,794 shares in the company, valued at $517,693.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Sunday, May 9th. The utilities provider reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.02. Duke Energy had a return on equity of 8.28% and a net margin of 8.68%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter last year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Duke Energy Co. will post 5.09 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 16th. Shareholders of record on Friday, May 14th will be given a $0.965 dividend. The ex-dividend date is Thursday, May 13th. This represents a $3.86 annualized dividend and a yield of 3.73%. Duke Energy’s dividend payout ratio is currently 76.28%.
A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group cut Duke Energy from a “buy” rating to a “neutral” rating and set a $98.00 price target on the stock. in a research note on Thursday, January 14th. Morgan Stanley increased their price target on Duke Energy from $101.00 to $108.00 and gave the company an “equal weight” rating in a research note on Monday, April 26th. Mizuho increased their price target on Duke Energy from $96.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday. KeyCorp dropped their price target on Duke Energy from $106.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 27th. Finally, Credit Suisse Group increased their price objective on Duke Energy from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 20th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $102.82.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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