Code Waechter LLC Buys 1,335 Shares of Duke Energy Corporation $DUK

Code Waechter LLC grew its stake in Duke Energy Corporation (NYSE:DUK) by 38.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,791 shares of the utilities provider’s stock after acquiring an additional 1,335 shares during the quarter. Code Waechter LLC’s holdings in Duke Energy were worth $565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. Activest Wealth Management increased its stake in shares of Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at approximately $27,000. N.E.W. Advisory Services LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at approximately $27,000. Mascoma Wealth Management LLC grew its position in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its position in shares of Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 198 shares during the period. 65.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DUK shares. Wells Fargo & Company upgraded Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Barclays boosted their price objective on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Scotiabank set a $137.00 price objective on Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. Royal Bank Of Canada raised Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Finally, UBS Group upped their price target on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. One investment 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 currently has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Duke Energy Trading Down 0.4%

NYSE:DUK opened at $123.76 on Tuesday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. 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 has a 50 day moving average price of $123.90 and a two-hundred day moving average price of $120.76. The company has a market cap of $96.24 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 3.05 and a beta of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.18 EPS. As a group, analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is presently 69.27%.

Insider Activity at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the completion of the sale, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. The trade was a 12.61% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.14% of the company’s stock.

About Duke Energy

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.