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Sei Investments Co. Grows Position in Duke Energy Co. (NYSE:DUK)

Sei Investments Co. raised its position in shares of Duke Energy Co. (NYSE:DUKGet Rating) by 24.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,494 shares of the utilities provider’s stock after buying an additional 66,578 shares during the quarter. Sei Investments Co.’s holdings in Duke Energy were worth $38,022,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carl Stuart Investment Advisor Inc. purchased a new position in shares of Duke Energy in the 1st quarter worth approximately $33,000. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. purchased a new position in shares of Duke Energy in the 1st quarter worth approximately $33,000. Quent Capital LLC purchased a new position in shares of Duke Energy in the 4th quarter worth approximately $35,000. San Luis Wealth Advisors LLC purchased a new position in shares of Duke Energy in the 1st quarter worth approximately $35,000. Finally, DeDora Capital Inc. purchased a new position in shares of Duke Energy in the 1st quarter worth approximately $40,000. Hedge funds and other institutional investors own 63.76% of the company’s stock.

Insider Activity

In other news, CFO Steven K. Young sold 415 shares of Duke Energy stock in a transaction on Friday, July 1st. The stock was sold at an average price of $107.75, for a total value of $44,716.25. Following the transaction, the chief financial officer now directly owns 114,072 shares in the company, valued at approximately $12,291,258. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Steven K. Young sold 415 shares of the business’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $107.75, for a total transaction of $44,716.25. Following the transaction, the chief financial officer now directly owns 114,072 shares in the company, valued at approximately $12,291,258. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kodwo Ghartey-Tagoe sold 4,700 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $109.67, for a total value of $515,449.00. Following the transaction, the executive vice president now owns 14,002 shares in the company, valued at $1,535,599.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,819 shares of company stock worth $856,533. 0.10% of the stock is currently owned by company insiders.

Duke Energy Trading Down 1.0 %

Shares of NYSE DUK opened at $109.20 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 1.27. The business has a fifty day simple moving average of $108.55 and a two-hundred day simple moving average of $108.48. The firm has a market cap of $84.07 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 3.22 and a beta of 0.35. Duke Energy Co. has a twelve month low of $95.48 and a twelve month high of $116.33.

Duke Energy (NYSE:DUKGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.04). Duke Energy had a net margin of 14.50% and a return on equity of 8.42%. The company had revenue of $6.69 billion during the quarter, compared to analysts’ expectations of $5.79 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. Analysts expect that Duke Energy Co. will post 5.45 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 12th will be issued a $1.005 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This is an increase from Duke Energy’s previous quarterly dividend of $0.99. This represents a $4.02 dividend on an annualized basis and a dividend yield of 3.68%. Duke Energy’s dividend payout ratio (DPR) is currently 81.38%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DUK. Morgan Stanley raised their price target on Duke Energy from $114.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. KeyCorp decreased their price target on Duke Energy from $121.00 to $116.00 and set an “overweight” rating for the company in a research note on Tuesday, July 19th. Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $112.00 to $114.00 in a research note on Friday, August 5th. UBS Group lowered Duke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $122.00 to $112.00 in a research note on Thursday, June 30th. Finally, Barclays decreased their price target on Duke Energy from $119.00 to $110.00 in a research note on Monday, July 18th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Hold” and an average target price of $113.10.

Duke Energy Company Profile

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Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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