TrinityPoint Wealth LLC Buys 1,841 Shares of Duke Energy Co. (NYSE:DUK)

TrinityPoint Wealth LLC grew its stake in shares of Duke Energy Co. (NYSE:DUK) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,873 shares of the utilities provider’s stock after buying an additional 1,841 shares during the quarter. TrinityPoint Wealth LLC’s holdings in Duke Energy were worth $2,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new stake in shares of Duke Energy during the fourth quarter worth $26,000. Private Wealth Management Group LLC bought a new stake in shares of Duke Energy in the fourth quarter worth $26,000. Pacific Capital Wealth Advisors Inc. bought a new stake in Duke Energy during the fourth quarter valued at $31,000. EdgeRock Capital LLC bought a new stake in Duke Energy during the fourth quarter valued at $40,000. Finally, Missouri Trust & Investment Co boosted its position in Duke Energy by 59.1% during the fourth quarter. Missouri Trust & Investment Co now owns 471 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.4 %

Duke Energy stock opened at $102.17 on Monday. The firm has a 50 day moving average price of $98.37 and a 200-day moving average price of $95.68. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $104.60. The company has a market capitalization of $78.85 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.80 and a beta of 0.45.

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

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 4.01%. The ex-dividend date is Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.

Insiders Place Their Bets

In related news, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were 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 approximately $409.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of Duke Energy stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the completion of the transaction, the executive vice president now owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director E Marie Mckee sold 1,695 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the completion of the transaction, the director now owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock worth $2,750,815 over the last quarter. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DUK. Mizuho upped their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. KeyCorp upped their target price on shares of Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Scotiabank lowered their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Barclays upped their target price on shares of Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, BMO Capital Markets upped their target price on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $101.85.

Duke Energy 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.