CX Institutional Has $314,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

CX Institutional boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,135 shares of the utilities provider’s stock after acquiring an additional 174 shares during the quarter. CX Institutional’s holdings in Duke Energy were worth $314,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Northwest Investment Counselors LLC purchased a new position in shares of Duke Energy during the first quarter valued at approximately $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 bought a new position in Duke Energy during the fourth quarter valued at $26,000. Fortitude Family Office LLC grew its stake in shares of Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 119 shares during the period. Finally, Riverview Trust Co purchased a new stake in Duke Energy in the 1st quarter worth about $30,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. BMO Capital Markets raised their target price on Duke Energy from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday. Evercore ISI boosted their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday. KeyCorp raised their price objective on shares of Duke Energy from $112.00 to $114.00 and gave the company an “overweight” rating in a research report on Monday, July 22nd. Wells Fargo & Company raised their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Scotiabank upped their target price on Duke Energy from $94.00 to $104.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $106.75.

Insider Transactions at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were 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 in the company, valued at approximately $45,190,031.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Lynn J. Good sold 15,000 shares of the company’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 sale, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director E Marie Mckee sold 1,695 shares of the firm’s stock in a transaction on 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 directly owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. Insiders own 0.10% of the company’s stock.

Duke Energy Stock Performance

Shares of NYSE:DUK traded up $0.09 during trading on Friday, hitting $112.52. The company’s stock had a trading volume of 728,018 shares, compared to its average volume of 2,958,466. The company has a 50-day moving average of $104.47 and a 200-day moving average of $99.28. The firm has a market cap of $86.84 billion, a price-to-earnings ratio of 28.24, a P/E/G ratio of 3.09 and a beta of 0.45. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $116.67. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 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 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. On average, sell-side analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.71%. This is a boost from Duke Energy’s previous quarterly dividend of $1.03. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

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.