Capital Wealth Planning LLC Has $190.85 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Capital Wealth Planning LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,973,369 shares of the utilities provider's stock after purchasing an additional 31,309 shares during the quarter. Duke Energy accounts for 2.0% of Capital Wealth Planning LLC's portfolio, making the stock its 23rd largest position. Capital Wealth Planning LLC owned approximately 0.26% of Duke Energy worth $190,845,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DUK. Northwest Investment Counselors LLC acquired a new position in Duke Energy in the first quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in Duke Energy during the fourth quarter worth $26,000. Private Wealth Management Group LLC acquired a new stake in Duke Energy in the fourth quarter worth $26,000. Riverview Trust Co acquired a new stake in Duke Energy in the first quarter worth $30,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Duke Energy during the fourth quarter valued at about $31,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

Shares of NYSE:DUK traded up $0.93 during trading on Friday, hitting $105.39. The company's stock had a trading volume of 2,715,453 shares, compared to its average volume of 2,385,050. The company has a 50-day moving average of $101.87 and a 200-day moving average of $97.76. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $105.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The firm has a market cap of $81.34 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.87 and a beta of 0.45.

Duke Energy (NYSE:DUK - Get Free Report) last released 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 analysts' expectations of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 EPS. On average, sell-side analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were paid a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 3.89%. The ex-dividend date was Thursday, May 16th. Duke Energy's payout ratio is 103.02%.

Analyst Ratings Changes

Several brokerages have commented on DUK. Bank of America lifted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Barclays upped their price objective on shares of Duke Energy from $99.00 to $102.00 and gave the company an "overweight" rating in a research note on Thursday. Scotiabank decreased their price objective on shares of Duke Energy from $101.00 to $94.00 and set a "sector perform" rating for the company in a report on Monday, April 22nd. BMO Capital Markets decreased their price target on shares of Duke Energy from $110.00 to $109.00 and set an "outperform" rating for the company in a research note on Thursday. Finally, KeyCorp increased their price target on shares of Duke Energy from $107.00 to $112.00 and gave the stock an "overweight" rating in a research note on Monday, May 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $102.42.

Insider Activity

In related 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 value of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares in the company, valued at $7,057,253.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Julia S. Janson sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the sale, the executive vice president now owns 68,657 shares in the company, valued at $7,057,253.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lynn J. Good sold 15,000 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,695 shares of company stock valued at $2,750,815. 0.10% of the stock is currently owned by company insiders.

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.

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