CreativeOne Wealth LLC Grows Stock Position in Duke Energy Corporation $DUK

CreativeOne Wealth LLC increased its holdings in Duke Energy Corporation (NYSE:DUK) by 12.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,404 shares of the utilities provider’s stock after buying an additional 1,326 shares during the quarter. CreativeOne Wealth LLC’s holdings in Duke Energy were worth $1,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. 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 worth $26,000 after purchasing an additional 105 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Duke Energy during the first quarter valued at about $27,000. Legacy Investment Solutions LLC purchased a new stake in Duke Energy in the second quarter worth about $28,000. Mascoma Wealth Management LLC raised its stake in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC lifted its position in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $123.52 on Thursday. The firm has a market cap of $96.06 billion, a PE ratio of 20.08, a PEG ratio of 3.05 and a beta of 0.45. The stock has a 50 day moving average of $124.45 and a 200 day moving average of $121.00. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03.

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

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is presently 66.98%.

Insider Buying and Selling at Duke Energy

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the sale, the executive vice president directly owned 11,367 shares in the company, valued at approximately $1,407,234.60. This represents a 41.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DUK shares. Mizuho raised their target price on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. The Goldman Sachs Group raised their price objective on shares of Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Jefferies Financial Group lifted their target price on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Finally, Cowen initiated coverage on Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.44.

Duke Energy Company 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.