Roosevelt Investment Group LLC Grows Stock Holdings in Duke Energy Co. (NYSE:DUK)

Roosevelt Investment Group LLC boosted its position in Duke Energy Co. (NYSE:DUK) by 5.9% in the 2nd quarter, Holdings Channel reports. The fund owned 24,617 shares of the utilities provider’s stock after purchasing an additional 1,367 shares during the period. Roosevelt Investment Group LLC’s holdings in Duke Energy were worth $2,430,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. purchased a new stake in shares of Duke Energy during the 2nd quarter valued at $29,000. Atlas Private Wealth Advisors boosted its position in Duke Energy by 47.2% during the 2nd quarter. Atlas Private Wealth Advisors now owns 315 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 101 shares during the period. Regency Capital Management Inc. DE purchased a new stake in Duke Energy during the 1st quarter worth $39,000. Robbins Farley LLC purchased a new stake in Duke Energy during the 1st quarter worth $47,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in Duke Energy during the 1st quarter worth $53,000. 62.63% of the stock is owned by hedge funds and other institutional investors.

In other news, EVP Julia S. Janson sold 15,465 shares of the stock in a transaction that occurred on Friday, July 16th. The shares were sold at an average price of $105.00, for a total value of $1,623,825.00. Following the completion of the transaction, the executive vice president now directly owns 35,032 shares in the company, valued at $3,678,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.11% of the company’s stock.

NYSE DUK traded up $0.34 on Tuesday, hitting $99.98. The stock had a trading volume of 54,354 shares, compared to its average volume of 3,133,165. Duke Energy Co. has a one year low of $80.41 and a one year high of $108.38. The company has a quick ratio of 0.37, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The stock has a market cap of $76.92 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 3.75 and a beta of 0.26. The company’s 50-day moving average is $104.89 and its two-hundred day moving average is $100.98.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, August 5th. The utilities provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.12 by $0.03. The firm had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.75 billion. Duke Energy had a net margin of 12.28% and a return on equity of 8.73%. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 16th. Stockholders of record on Friday, August 13th were issued a $0.985 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This is a boost from Duke Energy’s previous quarterly dividend of $0.97. This represents a $3.94 annualized dividend and a dividend yield of 3.94%. Duke Energy’s dividend payout ratio (DPR) is 76.95%.

A number of analysts recently weighed in on DUK shares. Royal Bank of Canada cut shares of Duke Energy from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $107.10 to $109.00 in a research report on Friday, August 20th. They noted that the move was a valuation call. Vertical Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, August 6th. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating and set a $111.00 price objective on the stock. in a report on Tuesday, July 27th. Mizuho boosted their price objective on shares of Duke Energy from $105.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, August 18th. Finally, KeyCorp boosted their price objective on shares of Duke Energy from $105.00 to $106.00 and gave the stock an “overweight” rating in a report on Tuesday, July 20th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Hold” and an average price target of $104.46.

Duke Energy Company Profile

Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in Duke Energy’s regulated electric utilities in the Carolinas, Florida and the Midwest.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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