Duke Energy Co. (NYSE:DUK) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC decreased its stake in shares of Duke Energy Co. (NYSE:DUKFree Report) by 19.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,084 shares of the utilities provider’s stock after selling 2,008 shares during the period. International Assets Investment Management LLC’s holdings in Duke Energy were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sugarloaf Wealth Management LLC boosted its stake in Duke Energy by 13.9% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,826 shares of the utilities provider’s stock valued at $274,000 after purchasing an additional 344 shares in the last quarter. Howard Wealth Management LLC acquired a new position in Duke Energy during the fourth quarter worth about $219,000. Dynamic Advisor Solutions LLC raised its position in 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 in the last quarter. Western Pacific Wealth Management LP boosted its position in shares of Duke Energy by 39.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 2,326 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 657 shares in the last quarter. Finally, Wagner Wealth Management LLC raised its holdings in shares of Duke Energy by 3.4% in the 4th quarter. Wagner Wealth Management LLC now owns 17,421 shares of the utilities provider’s stock worth $1,691,000 after purchasing an additional 576 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction that occurred 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 sale, the chief executive officer now owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares in the company, valued at approximately $45,190,031.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director E Marie Mckee sold 1,695 shares of the stock in a transaction dated Tuesday, May 14th. The stock was 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 directly owns 4 shares of the company’s stock, valued at approximately $409.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,695 shares of company stock valued at $2,750,815. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DUK shares. Scotiabank dropped their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Mizuho increased their target price on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. BMO Capital Markets upped their price target on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Morgan Stanley lifted their target price on Duke Energy from $95.00 to $103.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, KeyCorp raised their price target 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.75.

Get Our Latest Research Report on DUK

Duke Energy Stock Down 0.3 %

Shares of Duke Energy stock traded down $0.26 during midday trading on Friday, reaching $99.84. 4,986,006 shares of the company’s stock traded hands, compared to its average volume of 2,366,838. The company has a market cap of $77.05 billion, a price-to-earnings ratio of 25.09, a price-to-earnings-growth ratio of 2.75 and a beta of 0.45. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $104.87. The company’s 50 day simple moving average is $100.83 and its 200 day simple moving average is $97.24. 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 (NYSE:DUKGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.05. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the company posted $1.20 EPS. The firm’s revenue was up 5.4% on a year-over-year basis. Equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were given a $1.025 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 4.11%. Duke Energy’s dividend payout ratio is 103.02%.

About Duke Energy

(Free Report)

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.

See Also

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

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