Charles Schwab Investment Management Inc. Has $1.03 Billion Stock Holdings in Duke Energy Corporation $DUK

Charles Schwab Investment Management Inc. raised its position in shares of Duke Energy Corporation (NYSE:DUK) by 0.4% in the 2nd quarter, Holdings Channel reports. The firm owned 8,691,150 shares of the utilities provider’s stock after acquiring an additional 34,906 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Duke Energy were worth $1,025,244,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Activest Wealth Management lifted its position in shares of Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after buying an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy in the first quarter worth about $27,000. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the second quarter worth about $28,000. Mascoma Wealth Management LLC boosted its stake in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the sale, the executive vice president owned 11,367 shares of the company’s stock, valued at approximately $1,407,234.60. This represents a 41.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Duke Energy Trading Up 0.2%

Shares of DUK stock opened at $122.78 on Friday. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year 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 $95.48 billion, a price-to-earnings ratio of 19.96, a PEG ratio of 3.05 and a beta of 0.45. The stock has a 50-day moving average of $124.37 and a 200-day moving average of $120.97.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is currently 66.98%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DUK shares. TD Cowen assumed coverage on shares of Duke Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $143.00 target price on the stock. BMO Capital Markets cut their price objective on Duke Energy from $138.00 to $136.00 in a report on Monday, November 10th. Evercore ISI started coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a research note on Wednesday. Finally, Jefferies Financial Group upped their price objective on Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.44.

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.