Sound View Wealth Advisors Group LLC Has $2.59 Million Holdings in Duke Energy Corporation $DUK

Sound View Wealth Advisors Group LLC lowered its stake in shares of Duke Energy Corporation (NYSE:DUK) by 2.0% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 21,958 shares of the utilities provider’s stock after selling 458 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Duke Energy were worth $2,591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after purchasing an additional 1,676,061 shares during the period. GQG Partners LLC increased its position in Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after buying an additional 10,192,503 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Duke Energy by 4.9% in the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after buying an additional 418,014 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after buying an additional 93,699 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Duke Energy by 1.9% during the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after acquiring an additional 152,542 shares during the period. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DUK has been the topic of a number of research reports. UBS Group boosted their price objective on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. TD Cowen started coverage on shares of Duke Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $143.00 target price for the company. Morgan Stanley boosted their price target 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. Barclays upped their price target on shares of Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Finally, Cowen initiated coverage on shares of Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $138.00.

Duke Energy Trading Down 0.3%

Shares of DUK opened at $123.64 on Friday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The stock has a market cap of $96.15 billion, a PE ratio of 20.10, a P/E/G ratio of 3.05 and a beta of 0.45. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. The business’s 50-day moving average price is $123.97 and its 200-day moving average price is $120.83.

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

Duke Energy Dividend Announcement

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

Insider Buying and Selling at Duke Energy

In related news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at $5,768,397.72. This represents a 12.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.14% of the company’s stock.

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.