Duke Energy Corporation $DUK Shares Acquired by ROI Financial Advisors LLC

ROI Financial Advisors LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,535 shares of the utilities provider’s stock after acquiring an additional 425 shares during the period. Duke Energy makes up about 0.9% of ROI Financial Advisors LLC’s investment portfolio, making the stock its 25th largest position. ROI Financial Advisors LLC’s holdings in Duke Energy were worth $1,479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Reyes Financial Architecture Inc. grew its stake in shares of Duke Energy by 4.8% in the 1st quarter. Reyes Financial Architecture Inc. now owns 1,827 shares of the utilities provider’s stock worth $223,000 after purchasing an additional 83 shares during the last quarter. Lokken Investment Group LLC boosted its holdings in Duke Energy by 3.3% during the first quarter. Lokken Investment Group LLC now owns 2,633 shares of the utilities provider’s stock worth $321,000 after buying an additional 84 shares in the last quarter. Private Wealth Asset Management LLC grew its position in Duke Energy by 6.4% in the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after buying an additional 85 shares during the last quarter. Souders Financial Advisors grew its position in Duke Energy by 0.7% in the first quarter. Souders Financial Advisors now owns 12,443 shares of the utilities provider’s stock worth $1,518,000 after buying an additional 86 shares during the last quarter. Finally, Orca Wealth Management LLC increased its holdings in shares of Duke Energy by 0.7% in the first quarter. Orca Wealth Management LLC now owns 12,620 shares of the utilities provider’s stock valued at $1,539,000 after buying an additional 86 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Duke Energy in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Cowen began coverage on Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Evercore ISI began coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. Finally, Barclays raised their target price on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.00.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Stock Down 0.0%

NYSE:DUK opened at $123.82 on Thursday. The business’s fifty day moving average price is $123.92 and its 200 day moving average price is $120.79. The firm has a market capitalization of $96.28 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.05 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). The business had revenue of $7.51 billion for the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 earnings per share. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s payout ratio is presently 69.27%.

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.