Duke Energy Corporation $DUK Shares Bought by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC grew its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 22.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,071 shares of the utilities provider’s stock after purchasing an additional 554 shares during the period. Magnolia Capital Advisors LLC’s holdings in Duke Energy were worth $362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. GQG Partners LLC raised its holdings in shares of Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares during the period. Nuveen LLC acquired a new stake in shares of Duke Energy during the first quarter worth $702,351,000. Raymond James Financial Inc. raised its holdings in shares of Duke Energy by 88.1% during the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after purchasing an additional 2,276,948 shares during the period. Vanguard Group Inc. increased 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 acquiring an additional 1,676,061 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock worth $138,145,000 after acquiring an additional 885,900 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the transaction, the executive vice president owned 46,422 shares in the company, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.14% of the company’s stock.

Duke Energy Stock Up 0.1%

Duke Energy stock opened at $123.79 on Wednesday. The stock has a market cap of $96.27 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.05 and a beta of 0.44. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. The company’s 50-day moving average price is $123.91 and its two-hundred day moving average price is $120.77. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03.

Duke Energy (NYSE:DUK) last released its earnings results 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 for 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 firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 EPS. On average, analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is 69.27%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Evercore ISI assumed coverage on shares of Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective on the stock. TD Cowen assumed coverage on shares of Duke Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $143.00 price objective on the stock. Barclays increased their price objective on shares of Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada raised shares of Duke Energy to a “hold” rating in a report on Tuesday, October 28th. One equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

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.