Financial Management Professionals Inc. Purchases 664 Shares of Duke Energy Co. (NYSE:DUK)

Financial Management Professionals Inc. boosted its position in shares of Duke Energy Co. (NYSE:DUK) by 10.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,064 shares of the utilities provider’s stock after purchasing an additional 664 shares during the period. Financial Management Professionals Inc.’s holdings in Duke Energy were worth $683,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DUK. Sugarloaf Wealth Management LLC raised its stake in shares of Duke Energy by 13.9% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock worth $274,000 after acquiring an additional 344 shares during the last quarter. Howard Wealth Management LLC bought a new position in shares of Duke Energy in the fourth quarter worth about $219,000. Dynamic Advisor Solutions LLC raised its stake in shares of Duke Energy by 4.5% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 25,824 shares of the utilities provider’s stock worth $2,545,000 after acquiring an additional 1,122 shares during the last quarter. Western Pacific Wealth Management LP raised its stake in shares of Duke Energy by 39.4% in the fourth quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock worth $226,000 after acquiring an additional 657 shares during the last quarter. Finally, Wagner Wealth Management LLC raised its stake in shares of Duke Energy by 3.4% in the fourth quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after acquiring an additional 576 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Activity

In other news, 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 completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction 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 in the company, valued at $409.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. 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.

Analysts Set New Price Targets

DUK has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a research note on Monday, June 24th. BMO Capital Markets boosted their price target on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. Mizuho boosted their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. KeyCorp boosted 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. Finally, Scotiabank dropped their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $102.33.

Duke Energy Stock Down 0.4 %

Shares of NYSE DUK opened at $100.22 on Friday. The stock has a market cap of $77.35 billion, a P/E ratio of 25.18, a P/E/G ratio of 2.76 and a beta of 0.45. The firm has a 50 day moving average price of $101.37 and a 200 day moving average price of $97.43. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $104.87.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. The firm had revenue of $7.67 billion during 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 business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share. Analysts expect that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were issued a $1.025 dividend. This represents a $4.10 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is presently 103.02%.

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.