Cassaday & Co Wealth Management LLC Purchases 558 Shares of Duke Energy Corporation $DUK

Cassaday & Co Wealth Management LLC raised its position in Duke Energy Corporation (NYSE:DUK) by 7.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,542 shares of the utilities provider’s stock after purchasing an additional 558 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Duke Energy were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DUK. Brighton Jones LLC lifted its holdings in shares of Duke Energy by 11.6% during the 4th quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock worth $728,000 after acquiring an additional 700 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Duke Energy in the first quarter valued at about $27,000. World Investment Advisors increased its position in shares of Duke Energy by 8.8% in the first quarter. World Investment Advisors now owns 21,456 shares of the utilities provider’s stock valued at $2,617,000 after acquiring an additional 1,743 shares during the period. Penserra Capital Management LLC increased its position in shares of Duke Energy by 285.9% in the first quarter. Penserra Capital Management LLC now owns 7,796 shares of the utilities provider’s stock valued at $950,000 after acquiring an additional 5,776 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Duke Energy by 9.5% in the first quarter. Envestnet Asset Management Inc. now owns 2,628,423 shares of the utilities provider’s stock valued at $320,589,000 after acquiring an additional 228,052 shares during the period. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DUK shares. Mizuho boosted their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Royal Bank Of Canada upgraded shares of Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Morgan Stanley boosted their price objective on shares of Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Evercore ISI started coverage on shares of Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective on the stock. Finally, BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $138.00.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the sale, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred 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 trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Price Performance

Shares of DUK opened at $123.76 on Tuesday. The stock has a market cap of $96.24 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. The firm’s 50-day simple moving average is $123.90 and its two-hundred day simple moving average is $120.76.

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

Duke Energy Dividend Announcement

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

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.