Glassman Wealth Services Purchases 138 Shares of Duke Energy Co. (NYSE:DUK)

Glassman Wealth Services boosted its position in shares of Duke Energy Co. (NYSE:DUKGet Rating) by 8.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,750 shares of the utilities provider’s stock after buying an additional 138 shares during the quarter. Glassman Wealth Services’ holdings in Duke Energy were worth $195,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Norman Fields Gottscho Capital Management LLC bought a new stake in Duke Energy during the 1st quarter valued at $208,000. Winthrop Advisory Group LLC raised its holdings in Duke Energy by 18.2% during the 1st quarter. Winthrop Advisory Group LLC now owns 2,622 shares of the utilities provider’s stock valued at $293,000 after buying an additional 403 shares during the last quarter. CNB Bank increased its position in Duke Energy by 2.0% during the 1st quarter. CNB Bank now owns 11,011 shares of the utilities provider’s stock valued at $1,229,000 after purchasing an additional 219 shares during the period. Coastal Investment Advisors Inc. increased its position in Duke Energy by 6.2% during the 1st quarter. Coastal Investment Advisors Inc. now owns 9,255 shares of the utilities provider’s stock valued at $1,033,000 after purchasing an additional 540 shares during the period. Finally, Cantor Fitzgerald Investment Advisor L.P increased its position in Duke Energy by 99.5% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 224,286 shares of the utilities provider’s stock valued at $25,044,000 after purchasing an additional 111,890 shares during the period. Institutional investors own 62.35% of the company’s stock.

In other Duke Energy news, CFO Steven K. Young sold 415 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $112.55, for a total transaction of $46,708.25. Following the transaction, the chief financial officer now owns 114,487 shares in the company, valued at approximately $12,885,511.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Duke Energy stock traded up $1.77 during mid-day trading on Thursday, reaching $101.93. The stock had a trading volume of 35,105 shares, compared to its average volume of 2,716,763. The company has a market capitalization of $78.48 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.99 and a beta of 0.34. The company has a 50-day moving average price of $109.71 and a two-hundred day moving average price of $106.40. Duke Energy Co. has a one year low of $95.48 and a one year high of $116.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.51.

Duke Energy (NYSE:DUKGet Rating) last announced its quarterly earnings results on Monday, May 9th. The utilities provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.04). The firm had revenue of $7.13 billion during the quarter, compared to the consensus estimate of $6.32 billion. Duke Energy had a return on equity of 8.52% and a net margin of 14.47%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, equities research analysts anticipate that Duke Energy Co. will post 5.47 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Friday, May 13th were paid a dividend of $0.985 per share. This represents a $3.94 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Thursday, May 12th. Duke Energy’s dividend payout ratio is currently 82.77%.

A number of research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of Duke Energy in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Wells Fargo & Company boosted their price objective on shares of Duke Energy from $109.00 to $120.00 in a research report on Tuesday, May 10th. KeyCorp boosted their price objective on shares of Duke Energy from $119.00 to $121.00 and gave the company an “overweight” rating in a research report on Wednesday, April 20th. Credit Suisse Group reduced their target price on shares of Duke Energy from $125.00 to $117.00 in a research report on Tuesday, May 10th. Finally, Morgan Stanley reduced their target price on shares of Duke Energy from $123.00 to $119.00 and set an “equal weight” rating on the stock in a research report on Monday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of “Hold” and a consensus price target of $112.55.

Duke Energy Profile (Get Rating)

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

Further Reading

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

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