Intrua Financial LLC Grows Stock Position in Duke Energy Co. (NYSE:DUK)

Intrua Financial LLC grew its position in Duke Energy Co. (NYSE:DUKGet Rating) by 16.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,212 shares of the utilities provider’s stock after acquiring an additional 2,178 shares during the quarter. Intrua Financial LLC’s holdings in Duke Energy were worth $1,631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DUK. San Luis Wealth Advisors LLC purchased a new position in shares of Duke Energy in the first quarter valued at approximately $35,000. Fairfield Bush & CO. purchased a new position in shares of Duke Energy in the first quarter valued at approximately $40,000. Pinebridge Investments L.P. lifted its position in shares of Duke Energy by 331.0% in the second quarter. Pinebridge Investments L.P. now owns 431 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 331 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Duke Energy in the first quarter valued at approximately $64,000. Finally, Wellington Shields Capital Management LLC purchased a new position in shares of Duke Energy in the first quarter valued at approximately $72,000. Hedge funds and other institutional investors own 63.76% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, EVP Steven K. Young sold 415 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $93.57, for a total value of $38,831.55. Following the transaction, the executive vice president now owns 112,412 shares of the company’s stock, valued at $10,518,390.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DUK shares. Morgan Stanley lifted their price objective on Duke Energy from $99.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, November 11th. Guggenheim reduced their price objective on Duke Energy from $119.00 to $97.00 in a research report on Monday, October 24th. StockNews.com started coverage on Duke Energy in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. KeyCorp reduced their price objective on Duke Energy from $116.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday, October 20th. Finally, Credit Suisse Group reduced their price objective on Duke Energy from $114.00 to $94.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $105.09.

Duke Energy Price Performance

NYSE:DUK traded up $0.86 during trading hours on Thursday, reaching $98.54. 2,726,141 shares of the company traded hands, compared to its average volume of 3,436,320. Duke Energy Co. has a 1-year low of $83.76 and a 1-year high of $116.33. The stock has a market cap of $75.88 billion, a P/E ratio of 19.87, a P/E/G ratio of 3.38 and a beta of 0.40. The firm’s 50-day moving average is $94.87 and its 200-day moving average is $103.57. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.77 and a quick ratio of 0.56.

Duke Energy (NYSE:DUKGet Rating) last issued its earnings results on Friday, November 4th. The utilities provider reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.07). Duke Energy had a return on equity of 8.24% and a net margin of 14.03%. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $7.45 billion. During the same period last year, the business posted $1.88 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. Equities research analysts expect that Duke Energy Co. will post 5.29 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Friday, November 18th will be paid a dividend of $1.005 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $4.02 annualized dividend and a dividend yield of 4.08%. Duke Energy’s dividend payout ratio is presently 81.05%.

Duke Energy Profile

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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.

See Also

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

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