Keudell Morrison Wealth Management Grows Stock Holdings in Duke Energy Corp (NYSE:DUK)
Keudell Morrison Wealth Management grew its holdings in Duke Energy Corp (NYSE:DUK) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,092 shares of the utilities provider’s stock after purchasing an additional 158 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Duke Energy were worth $806,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of Duke Energy during the 1st quarter valued at approximately $79,000. Franklin Resources Inc. grew its stake in shares of Duke Energy by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 12,469,974 shares of the utilities provider’s stock worth $1,137,386,000 after acquiring an additional 36,996 shares in the last quarter. Mariner LLC grew its stake in shares of Duke Energy by 12.6% in the fourth quarter. Mariner LLC now owns 33,118 shares of the utilities provider’s stock worth $3,021,000 after acquiring an additional 3,696 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of Duke Energy during the 4th quarter worth $3,156,000. Finally, Carnegie Capital Asset Management LLC lifted its position in shares of Duke Energy by 5.3% during the 4th quarter. Carnegie Capital Asset Management LLC now owns 13,920 shares of the utilities provider’s stock worth $1,270,000 after purchasing an additional 700 shares during the last quarter. 64.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of DUK traded up $0.30 on Tuesday, hitting $81.69. 3,453,464 shares of the stock traded hands, compared to its average volume of 3,890,033. The company has a quick ratio of 0.45, a current ratio of 0.67 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $59.76 billion, a P/E ratio of 16.22, a P/E/G ratio of 3.60 and a beta of 0.31. The stock’s 50 day moving average is $84.12 and its two-hundred day moving average is $87.95. Duke Energy Corp has a 1 year low of $62.13 and a 1 year high of $103.79.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 16th. Investors of record on Friday, August 14th will be paid a dividend of $0.965 per share. This is an increase from Duke Energy’s previous quarterly dividend of $0.95. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $3.86 annualized dividend and a dividend yield of 4.73%. Duke Energy’s dividend payout ratio is presently 74.70%.
A number of equities research analysts recently weighed in on DUK shares. UBS Group reduced their price target on shares of Duke Energy from $113.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Seaport Global Securities initiated coverage on shares of Duke Energy in a research note on Tuesday, June 9th. They set a “neutral” rating on the stock. Bank of America restated a “neutral” rating and set a $83.00 target price (down from $93.00) on shares of Duke Energy in a research report on Wednesday, May 13th. JPMorgan Chase & Co. lowered their target price on shares of Duke Energy from $100.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Finally, Wells Fargo & Co lowered their target price on shares of Duke Energy from $108.00 to $88.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $93.43.
In related news, SVP Dwight L. Jacobs sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $84.11, for a total transaction of $126,165.00. Following the transaction, the senior vice president now owns 5,191 shares of the company’s stock, valued at $436,615.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Harry K. Sideris sold 1,285 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $80.42, for a total transaction of $103,339.70. Following the transaction, the senior vice president now directly owns 5,396 shares in the company, valued at approximately $433,946.32. The disclosure for this sale can be found here. Insiders have sold 3,549 shares of company stock worth $293,126 in the last three months. Insiders own 0.11% of the company’s stock.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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