Duke Energy Corp (NYSE:DUK) Shares Bought by Providence Capital Advisors LLC

Providence Capital Advisors LLC raised its holdings in Duke Energy Corp (NYSE:DUK) by 3.4% during the 2nd quarter, Holdings Channel reports. The firm owned 16,931 shares of the utilities provider’s stock after purchasing an additional 563 shares during the quarter. Providence Capital Advisors LLC’s holdings in Duke Energy were worth $1,494,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Harvest Group Wealth Management LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at $26,000. Thor Advisors LLC acquired a new stake in shares of Duke Energy during the first quarter worth $30,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Duke Energy during the second quarter worth $34,000. Larson Financial Group LLC increased its stake in shares of Duke Energy by 65.5% in the 2nd quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 167 shares during the last quarter. Finally, Glassman Wealth Services increased its stake in shares of Duke Energy by 35.2% in the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 117 shares during the last quarter. Institutional investors and hedge funds own 60.27% of the company’s stock.

NYSE:DUK traded up $0.56 during mid-day trading on Wednesday, hitting $94.50. The stock had a trading volume of 153,499 shares, compared to its average volume of 2,522,609. Duke Energy Corp has a twelve month low of $78.00 and a twelve month high of $94.54. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71. The stock has a market cap of $68.44 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 3.85 and a beta of 0.09. The company’s 50 day simple moving average is $90.22 and its 200 day simple moving average is $89.27.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.14. The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.76 billion. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, equities analysts forecast that Duke Energy Corp will post 4.99 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.945 per share. This is an increase from Duke Energy’s previous quarterly dividend of $0.93. This represents a $3.78 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Thursday, August 15th. Duke Energy’s payout ratio is currently 80.08%.

In other Duke Energy news, SVP Dwight L. Jacobs sold 1,700 shares of Duke Energy stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total transaction of $154,785.00. Following the completion of the sale, the senior vice president now directly owns 4,891 shares in the company, valued at approximately $445,325.55. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lloyd M. Yates sold 20,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the completion of the sale, the executive vice president now directly owns 41,154 shares in the company, valued at $3,737,194.74. The disclosure for this sale can be found here. Insiders have sold a total of 26,362 shares of company stock valued at $2,401,576 over the last quarter. 0.09% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on DUK shares. SunTrust Banks set a $96.00 target price on Duke Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Zacks Investment Research cut Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price objective for the company. in a research report on Wednesday, June 26th. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. Barclays cut their target price on Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 18th. Finally, Credit Suisse Group upped their price target on Duke Energy from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $92.44.

Duke Energy Profile

Duke Energy Corp. engages in 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 primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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

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