Advisors Management Group Inc. ADV Decreases Stake in Duke Energy Corp (DUK)

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Advisors Management Group Inc. ADV lowered its position in Duke Energy Corp (NYSE:DUK) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,065 shares of the utilities provider’s stock after selling 321 shares during the period. Duke Energy accounts for about 1.9% of Advisors Management Group Inc. ADV’s investment portfolio, making the stock its 21st largest holding. Advisors Management Group Inc. ADV’s holdings in Duke Energy were worth $3,544,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC increased its position in Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock valued at $38,000 after buying an additional 164 shares in the last quarter. Vigilant Capital Management LLC bought a new position in Duke Energy during the 4th quarter valued at approximately $43,000. Sontag Advisory LLC bought a new position in Duke Energy during the 4th quarter valued at approximately $43,000. Mackey Komara & Dankovich LLC bought a new position in Duke Energy during the 4th quarter valued at approximately $57,000. Finally, Tortoise Investment Management LLC increased its position in Duke Energy by 96.0% during the 4th quarter. Tortoise Investment Management LLC now owns 682 shares of the utilities provider’s stock valued at $59,000 after buying an additional 334 shares in the last quarter. 60.70% of the stock is owned by hedge funds and other institutional investors.

DUK has been the subject of a number of analyst reports. Morgan Stanley raised their price objective on Duke Energy from $85.00 to $88.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 12th. Zacks Investment Research lowered Duke Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Bank of America lowered Duke Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $88.00 to $87.00 in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a research report on Friday, February 15th. Finally, ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Duke Energy presently has an average rating of “Hold” and a consensus price target of $85.08.

DUK stock opened at $89.38 on Thursday. The firm has a market capitalization of $64.79 billion, a PE ratio of 18.94, a PEG ratio of 3.62 and a beta of 0.06. Duke Energy Corp has a 1 year low of $71.96 and a 1 year high of $91.35. The company has a current ratio of 0.65, a quick ratio of 0.44 and a debt-to-equity ratio of 1.17.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, February 14th. The utilities provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.05). The firm had revenue of $6.12 billion during the quarter, compared to analysts’ expectations of $5.84 billion. Duke Energy had a return on equity of 7.80% and a net margin of 10.87%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. On average, equities research analysts expect that Duke Energy Corp will post 4.97 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Friday, February 15th were paid a $0.9275 dividend. The ex-dividend date was Thursday, February 14th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.15%. Duke Energy’s dividend payout ratio (DPR) is currently 78.60%.

In related news, EVP Melissa H. Anderson sold 2,000 shares of Duke Energy stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $87.49, for a total transaction of $174,980.00. Following the transaction, the executive vice president now directly owns 18,198 shares in the company, valued at $1,592,143.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $89.92, for a total value of $1,348,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,250 shares of company stock worth $1,900,878. Company insiders own 0.08% of the company’s stock.

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Duke Energy Company Profile

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; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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

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