Brooklyn Investment Group Buys 3,256 Shares of Duke Energy Corporation $DUK

Key Points

• Brooklyn Investment Group increased its stake in Duke Energy Corporation by 37.1% during Q1, acquiring an additional 3,256 shares, bringing its total to 12,035 shares worth approximately $1.47 million.
• Executive VP Thomas Preston Jr. Gillespie sold 6,700 shares of Duke Energy at an average price of $124.26, resulting in a decrease of about 12.61% in his holdings.
• Duke Energy recently declared a quarterly dividend of $1.065 per share, up from the previous $1.05, representing an annualized payout of $4.26 and a yield of 3.5%.

Brooklyn Investment Group raised its stake in shares of Duke Energy Corporation (NYSE:DUK - Free Report) by 37.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,035 shares of the utilities provider's stock after acquiring an additional 3,256 shares during the quarter. Brooklyn Investment Group's holdings in Duke Energy were worth $1,468,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. Vermillion Wealth Management Inc. bought a new position in shares of Duke Energy during the fourth quarter valued at $27,000. Wayfinding Financial LLC bought a new position in shares of Duke Energy during the first quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy during the first quarter valued at $27,000. Mattson Financial Services LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at $28,000. Finally, Financial Network Wealth Advisors LLC increased its stake in shares of Duke Energy by 360.0% in the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider's stock valued at $31,000 after buying an additional 198 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the completion of the sale, the executive vice president owned 46,422 shares of the company's stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley lowered their target price on Duke Energy from $125.00 to $124.00 and set an "equal weight" rating for the company in a research note on Wednesday, June 18th. Barclays increased their price target on shares of Duke Energy from $122.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday. UBS Group reissued a "neutral" rating and set a $127.00 price objective (up previously from $124.00) on shares of Duke Energy in a research note on Friday, July 11th. Raymond James Financial began coverage on shares of Duke Energy in a research note on Friday, June 13th. They issued a "market perform" rating on the stock. Finally, BMO Capital Markets lifted their price target on shares of Duke Energy from $131.00 to $132.00 and gave the company an "outperform" rating in a research note on Wednesday, August 6th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $129.80.

Duke Energy Trading Down 1.6%

NYSE DUK opened at $122.26 on Monday. The company has a market cap of $95.07 billion, a PE ratio of 19.88, a PEG ratio of 2.95 and a beta of 0.36. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $127.85. The stock has a 50 day moving average of $119.07 and a 200-day moving average of $118.05.

Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $1.25 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.04). Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $7.51 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the company posted $1.18 EPS. The company's quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.26 annualized dividend and a yield of 3.5%. This is a positive change from Duke Energy's previous quarterly dividend of $1.05. Duke Energy's payout ratio is 69.27%.

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.

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