HORAN Wealth LLC Invests $282,000 in Duke Energy Corporation $DUK

HORAN Wealth LLC purchased a new position in Duke Energy Corporation (NYSE:DUK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,389 shares of the utilities provider’s stock, valued at approximately $282,000.

A number of other institutional investors have also recently made changes to their positions in the stock. GQG Partners LLC boosted its stake in shares of Duke Energy by 17,880.0% in the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after purchasing an additional 10,192,503 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Duke Energy in the 1st quarter valued at $702,351,000. Raymond James Financial Inc. boosted its stake in shares of Duke Energy by 88.1% in the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after purchasing an additional 2,276,948 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after purchasing an additional 1,676,061 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after purchasing an additional 885,900 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. TD Cowen initiated coverage on shares of Duke Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $143.00 price objective for the company. BTIG Research raised shares of Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Barclays increased their price target on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Finally, Evercore ISI initiated coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Duke Energy Trading Down 0.0%

NYSE:DUK opened at $123.82 on Thursday. The company has a 50-day moving average price of $123.92 and a 200-day moving average price of $120.79. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The stock has a market cap of $96.28 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 3.05 and a beta of 0.44.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the business earned $1.18 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. Equities analysts predict that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently declared 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. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Insider Transactions at Duke Energy

In related news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy stock in a transaction dated 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 transaction, the executive vice president directly 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 legal filing with the SEC, which is available at this hyperlink. Also, SVP Bonnie B. Titone sold 2,000 shares of Duke Energy stock in a transaction dated 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 directly owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.14% of the company’s stock.

About Duke Energy

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.