Newbridge Financial Services Group Inc. Grows Stock Holdings in Duke Energy Co. (NYSE:DUK)

Newbridge Financial Services Group Inc. increased its stake in shares of Duke Energy Co. (NYSE:DUKGet Rating) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,587 shares of the utilities provider’s stock after buying an additional 706 shares during the period. Duke Energy comprises 0.6% of Newbridge Financial Services Group Inc.’s portfolio, making the stock its 29th largest holding. Newbridge Financial Services Group Inc.’s holdings in Duke Energy were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Regent Investment Management LLC purchased a new stake in shares of Duke Energy in the first quarter valued at about $249,000. Latitude Advisors LLC lifted its stake in shares of Duke Energy by 151.1% during the first quarter. Latitude Advisors LLC now owns 6,786 shares of the utilities provider’s stock valued at $758,000 after buying an additional 4,084 shares during the period. Tranquility Partners LLC purchased a new position in shares of Duke Energy during the first quarter valued at approximately $207,000. FDx Advisors Inc. lifted its stake in shares of Duke Energy by 8.6% during the first quarter. FDx Advisors Inc. now owns 31,763 shares of the utilities provider’s stock valued at $3,547,000 after buying an additional 2,515 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Duke Energy by 1.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 252,054 shares of the utilities provider’s stock valued at $28,144,000 after buying an additional 3,321 shares during the period. 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 the company’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $107.75, for a total value of $44,716.25. Following the completion of the transaction, the chief financial officer now directly owns 114,072 shares in the company, valued at $12,291,258. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Duke Energy news, CFO Steven K. Young sold 415 shares of the stock in a transaction on Friday, July 1st. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Dhiaa M. Jamil sold 700 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $109.93, for a total transaction of $76,951.00. Following the transaction, the chief operating officer now owns 58,957 shares in the company, valued at $6,481,143.01. The disclosure for this sale can be found here. Over the last three months, insiders 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 1.6 %

Shares of Duke Energy stock traded down $1.68 during trading hours on Friday, hitting $103.00. The company’s stock had a trading volume of 72,163 shares, compared to its average volume of 2,190,135. Duke Energy Co. has a 1-year low of $95.48 and a 1-year high of $116.33. The business has a fifty day moving average of $108.48 and a 200 day moving average of $108.91. The company has a market capitalization of $79.30 billion, a PE ratio of 20.93, a P/E/G ratio of 3.14 and a beta of 0.35. The company has a quick ratio of 0.50, a current ratio of 0.70 and a debt-to-equity ratio of 1.27.

Duke Energy (NYSE:DUKGet Rating) last released its quarterly earnings data on Thursday, August 4th. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.04). The business had revenue of $6.69 billion during the quarter, compared to analyst estimates of $5.79 billion. Duke Energy had a return on equity of 8.42% and a net margin of 14.50%. Duke Energy’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. As a group, equities analysts forecast that Duke Energy Co. will post 5.45 EPS for the current year.

Duke Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Friday, August 12th were paid a $1.005 dividend. The ex-dividend date was Thursday, August 11th. This is an increase from Duke Energy’s previous quarterly dividend of $0.99. This represents a $4.02 annualized dividend and a dividend yield of 3.90%. Duke Energy’s dividend payout ratio is 81.38%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. KeyCorp reduced their price objective on shares of Duke Energy from $121.00 to $116.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 19th. Morgan Stanley dropped their price target on shares of Duke Energy from $123.00 to $121.00 and set an “equal weight” rating for the company in a research report on Thursday. Barclays dropped their price target on shares of Duke Energy from $119.00 to $110.00 in a research report on Monday, July 18th. UBS Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $122.00 to $112.00 in a research report on Thursday, June 30th. Finally, Credit Suisse Group lowered shares of Duke Energy from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $112.00 to $114.00 in a research report on Friday, August 5th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Duke Energy has a consensus rating of “Hold” and a consensus target price of $112.90.

Duke Energy 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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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