CIBC Private Wealth Group LLC Raises Holdings in Duke Energy Co. (NYSE:DUK)

CIBC Private Wealth Group LLC raised its holdings in shares of Duke Energy Co. (NYSE:DUKFree Report) by 1.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,696 shares of the utilities provider’s stock after acquiring an additional 475 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Duke Energy were worth $3,949,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. WealthPlan Investment Management LLC boosted its stake in shares of Duke Energy by 769.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 4,946 shares of the utilities provider’s stock worth $437,000 after buying an additional 4,377 shares during the last quarter. Jump Financial LLC boosted its stake in shares of Duke Energy by 55.6% in the 3rd quarter. Jump Financial LLC now owns 5,061 shares of the utilities provider’s stock worth $447,000 after buying an additional 1,808 shares during the last quarter. Pathstone Family Office LLC boosted its stake in shares of Duke Energy by 306.0% in the 3rd quarter. Pathstone Family Office LLC now owns 37,161 shares of the utilities provider’s stock worth $3,282,000 after buying an additional 28,007 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Duke Energy by 1.4% in the 3rd quarter. HighTower Advisors LLC now owns 546,401 shares of the utilities provider’s stock worth $48,245,000 after buying an additional 7,657 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Duke Energy in the 3rd quarter worth $98,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the sale, the director now directly owns 4 shares in the company, valued at $409.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the sale, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,695 shares of company stock worth $2,750,815. Corporate insiders own 0.10% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $102.62 on Friday. The firm has a market cap of $79.20 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 2.83 and a beta of 0.45. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The business has a 50-day moving average price of $99.81 and a 200-day moving average price of $96.52. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $104.87.

Duke Energy (NYSE:DUKGet Free Report) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. As a group, equities research analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be given a $1.025 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.00%. Duke Energy’s dividend payout ratio is currently 103.02%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DUK. Barclays raised their price target on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Scotiabank lowered their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Wells Fargo & Company lowered their target price on Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. Morgan Stanley lifted their target price on Duke Energy from $95.00 to $103.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, BMO Capital Markets lifted their target price on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $102.75.

Check Out Our Latest Stock Analysis on DUK

Duke Energy Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUKFree Report).

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.