Duke Energy Co. (NYSE:DUK) Shares Sold by CFS Investment Advisory Services LLC

CFS Investment Advisory Services LLC lessened its position in shares of Duke Energy Co. (NYSE:DUKFree Report) by 29.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,544 shares of the utilities provider’s stock after selling 3,625 shares during the period. CFS Investment Advisory Services LLC’s holdings in Duke Energy were worth $829,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Wellington Management Group LLP boosted its holdings in shares of Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after buying an additional 1,002,157 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Duke Energy by 9,164.0% in the 4th quarter. International Assets Investment Management LLC now owns 979,294 shares of the utilities provider’s stock valued at $95,031,000 after buying an additional 968,723 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Duke Energy by 11.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock valued at $799,599,000 after buying an additional 842,458 shares in the last quarter. Nordea Investment Management AB boosted its holdings in shares of Duke Energy by 242.3% in the 4th quarter. Nordea Investment Management AB now owns 1,044,174 shares of the utilities provider’s stock valued at $101,348,000 after buying an additional 739,112 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Duke Energy by 11.0% in the 3rd quarter. FMR LLC now owns 7,205,441 shares of the utilities provider’s stock valued at $635,952,000 after buying an additional 715,069 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity

In related news, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were 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 directly owns 68,657 shares of the company’s stock, valued at approximately $7,057,253.03. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction dated 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 sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares in the company, valued at $7,057,253.03. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock worth $2,750,815 in the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Duke Energy Stock Performance

Duke Energy stock traded down $0.24 during trading hours on Friday, reaching $102.62. 1,886,828 shares of the stock were exchanged, compared to its average volume of 2,690,948. The firm’s 50 day moving average is $99.81 and its 200 day moving average is $96.52. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The stock has a market cap of $79.20 billion, a P/E ratio of 25.78, a P/E/G ratio of 2.82 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.

Duke Energy (NYSE:DUKGet Free Report) last announced its quarterly earnings results 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 business had revenue of $7.67 billion during the quarter, compared to the consensus estimate 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 was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. Analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be issued a $1.025 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.00%. Duke Energy’s dividend payout ratio is presently 103.02%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Mizuho upped their price target on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Wells Fargo & Company reduced their price target on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, February 9th. Bank of America upped their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Barclays upped their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, April 15th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $102.75.

Check Out Our Latest Analysis on Duke Energy

Duke Energy Profile

(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.

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

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