Retirement Guys Formula LLC Makes New $666,000 Investment in Duke Energy Co. (NYSE:DUK)

Retirement Guys Formula LLC bought a new position in Duke Energy Co. (NYSE:DUK) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 6,883 shares of the utilities provider’s stock, valued at approximately $666,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DUK. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the 1st quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Duke Energy in the 4th quarter worth $26,000. Private Wealth Management Group LLC acquired a new stake in shares of Duke Energy during the 4th quarter worth about $26,000. Riverview Trust Co acquired a new stake in shares of Duke Energy during the 1st quarter worth about $30,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Duke Energy during the 4th quarter worth about $31,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DUK. KeyCorp raised their price objective on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Scotiabank cut their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. Mizuho raised their target price on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. BMO Capital Markets raised their target price on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Finally, Morgan Stanley lowered their target price on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $102.33.

Insider Buying and Selling

In related news, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the sale, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now directly owns 4 shares in the company, valued at approximately $409.24. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock worth $2,750,815 over the last 90 days. 0.14% of the stock is owned by insiders.

Duke Energy Stock Up 0.0 %

Shares of DUK traded up $0.03 during midday trading on Thursday, hitting $99.84. The company had a trading volume of 1,072,695 shares, compared to its average volume of 2,356,087. The company’s 50-day simple moving average is $101.44 and its 200-day simple moving average is $97.49. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The firm has a market capitalization of $77.05 billion, a P/E ratio of 25.09, a P/E/G ratio of 2.74 and a beta of 0.45. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $104.87.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.05. The business had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. As a group, sell-side analysts expect that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were paid a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s payout ratio is 103.02%.

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.