Red Door Wealth Management LLC Purchases 3,029 Shares of Duke Energy Co. (NYSE:DUK)

Red Door Wealth Management LLC raised its position in Duke Energy Co. (NYSE:DUK) by 9.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,360 shares of the utilities provider’s stock after purchasing an additional 3,029 shares during the period. Red Door Wealth Management LLC’s holdings in Duke Energy were worth $3,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in DUK. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy during the 1st quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in shares of Duke Energy during the 4th quarter valued at $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at $26,000. Riverview Trust Co purchased a new stake in shares of Duke Energy during the 1st quarter valued at $30,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Duke Energy during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.4 %

Shares of DUK traded down $0.36 during trading hours on Friday, reaching $100.23. 3,898,744 shares of the company traded hands, compared to its average volume of 2,576,126. The company’s fifty day moving average price is $101.37 and its two-hundred day moving average price is $97.45. The company has a market capitalization of $77.35 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.75 and a beta of 0.45. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $104.87.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were issued a $1.025 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 4.09%. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.

Insiders Place Their Bets

In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the transaction, the director now directly owns 4 shares of the company’s stock, valued at $409.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the completion of the transaction, the director now directly owns 4 shares of the company’s stock, valued at $409.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,027,900.00. Following the completion of the transaction, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,695 shares of company stock valued at $2,750,815. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DUK shares. Morgan Stanley decreased their target price on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. BMO Capital Markets lifted their target price on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Mizuho lifted their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Bank of America lifted their target price on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, KeyCorp lifted their target price on shares of Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.33.

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.