Duke Energy Co. (NYSE:DUK) Stock Holdings Increased by Oak Harvest Investment Services

Oak Harvest Investment Services raised its stake in Duke Energy Co. (NYSE:DUK) by 25.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,812 shares of the utilities provider’s stock after buying an additional 17,995 shares during the period. Duke Energy makes up about 1.5% of Oak Harvest Investment Services’ investment portfolio, making the stock its 22nd largest holding. Oak Harvest Investment Services’ holdings in Duke Energy were worth $8,589,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the first quarter worth $25,000. Altshuler Shaham Ltd purchased a new position in Duke Energy during the 4th quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at about $26,000. Riverview Trust Co acquired a new stake in shares of Duke Energy during the first quarter worth approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in Duke Energy during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

DUK has been the topic of several research analyst reports. Barclays boosted their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Bank of America raised their price target on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. KeyCorp boosted their price target on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Mizuho raised their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Scotiabank decreased their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.33.

Insider Buying and Selling

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

Duke Energy Stock Performance

DUK traded up $0.03 during trading on Thursday, hitting $99.84. The stock had a trading volume of 1,072,695 shares, compared to its average volume of 2,356,087. The firm has a market cap of $77.05 billion, a PE ratio of 25.09, a P/E/G ratio of 2.74 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.50 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. The company has a 50 day simple moving average of $101.44 and a 200-day simple moving average of $97.49.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping 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 firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.20 EPS. Analysts expect that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were paid a $1.025 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.10 annualized dividend and a dividend yield of 4.11%. 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.