Mission Wealth Management LP Boosts Stock Position in Duke Energy Co. (NYSE:DUK)

Mission Wealth Management LP grew its holdings in Duke Energy Co. (NYSE:DUK) by 12.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,579 shares of the utilities provider’s stock after buying an additional 1,834 shares during the quarter. Mission Wealth Management LP’s holdings in Duke Energy were worth $1,603,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Duke Energy by 21.4% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 138,326 shares of the utilities provider’s stock worth $13,378,000 after purchasing an additional 24,363 shares in the last quarter. Lineweaver Wealth Advisors LLC increased its position in shares of Duke Energy by 12.3% during the first quarter. Lineweaver Wealth Advisors LLC now owns 11,340 shares of the utilities provider’s stock worth $1,096,000 after purchasing an additional 1,238 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Duke Energy during the first quarter worth approximately $359,000. Hartline Investment Corp purchased a new stake in shares of Duke Energy during the first quarter worth approximately $1,390,000. Finally, Norden Group LLC grew its holdings in Duke Energy by 141.0% in the 1st quarter. Norden Group LLC now owns 6,443 shares of the utilities provider’s stock valued at $623,000 after buying an additional 3,770 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 68,657 shares in the company, valued at approximately $7,057,253.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Lynn J. Good sold 15,000 shares of the firm’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 transaction, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares in the company, valued at approximately $7,057,253.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,695 shares of company stock worth $2,750,815. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DUK has been the subject of several analyst reports. BMO Capital Markets upped 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. Morgan Stanley dropped 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. Mizuho upped 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. Scotiabank dropped their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, Barclays upped their price target on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.33.

Duke Energy Trading Up 0.7 %

DUK traded up $0.72 during mid-day trading on Friday, hitting $100.56. 1,929,944 shares of the stock were exchanged, compared to its average volume of 2,201,042. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54. The company has a market cap of $77.61 billion, a PE ratio of 25.26, a PEG ratio of 2.74 and a beta of 0.45. The firm’s fifty day moving average is $101.51 and its two-hundred day moving average is $97.53. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $104.87.

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

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were issued a $1.025 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.08%. Duke Energy’s payout ratio is currently 103.02%.

Duke Energy 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.