O Keefe Stevens Advisory Inc. Acquires Shares of 2,640 Duke Energy Co. (NYSE:DUK)

O Keefe Stevens Advisory Inc. bought a new position in shares of Duke Energy Co. (NYSE:DUKFree Report) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 2,640 shares of the utilities provider’s stock, valued at approximately $255,000.

A number of other large investors have also recently bought and sold shares of the stock. Altshuler Shaham Ltd bought a new position in Duke Energy during the 4th quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new position in shares of Duke Energy in the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Duke Energy during the 4th quarter worth approximately $31,000. Versant Capital Management Inc increased its holdings in Duke Energy by 46.6% during the 1st quarter. Versant Capital Management Inc now owns 368 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 117 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new position in Duke Energy in the 4th quarter valued at $39,000. 65.31% of the stock is currently owned by institutional investors.

Insider Transactions at Duke Energy

In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total value of $173,415.45. Following the sale, the director now directly owns 4 shares in the company, valued at approximately $409.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the transaction, the director now owns 4 shares of the company’s stock, valued at approximately $409.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the completion of the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Insiders have sold a total of 26,695 shares of company stock valued at $2,750,815 over the last 90 days. 0.10% of the stock is owned by corporate insiders.

Duke Energy Stock Down 0.3 %

DUK traded down $0.26 during trading on Friday, reaching $99.84. The company had a trading volume of 4,986,006 shares, compared to its average volume of 2,366,838. The business’s fifty day moving average price is $100.83 and its 200 day moving average price is $97.24. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $104.87. The company has a market cap of $77.05 billion, a P/E ratio of 25.09, a PEG ratio of 2.75 and a beta of 0.45.

Duke Energy (NYSE:DUKGet Free Report) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.20 EPS. Equities analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were issued a $1.025 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.11%. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DUK shares. Mizuho raised their target price on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Bank of America lifted their price objective on Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Barclays lifted their price objective on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Scotiabank cut their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, Morgan Stanley upped their price target on Duke Energy from $95.00 to $103.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.75.

Get Our Latest Stock Report on Duke Energy

About Duke Energy

(Free Report)

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.

Further Reading

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

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