B. Riley Wealth Advisors Inc. Sells 3,125 Shares of Duke Energy Co. (NYSE:DUK)

B. Riley Wealth Advisors Inc. cut its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,946 shares of the utilities provider’s stock after selling 3,125 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Duke Energy were worth $7,855,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Altshuler Shaham Ltd bought a new position in Duke Energy during the fourth quarter valued at $26,000. Private Wealth Management Group LLC bought a new position in Duke Energy during the fourth quarter valued at $26,000. Pacific Capital Wealth Advisors Inc. bought a new position in Duke Energy during the fourth quarter valued at $31,000. Creekmur Asset Management LLC bought a new position in Duke Energy during the fourth quarter valued at $39,000. Finally, EdgeRock Capital LLC bought a new position in Duke Energy during the fourth quarter valued at $40,000. 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now directly owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction that occurred 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 transaction, the director now owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock worth $2,750,815 in the last quarter. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

DUK has been the subject of a number of analyst reports. Mizuho raised their price target on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Barclays raised their price target on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Scotiabank cut their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. KeyCorp raised their price target on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, BMO Capital Markets raised their price target on Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $102.75.

Get Our Latest Analysis on DUK

Duke Energy Trading Down 1.5 %

Shares of DUK traded down $1.56 during trading hours on Monday, hitting $100.80. The company had a trading volume of 2,912,429 shares, compared to its average volume of 2,957,576. The firm has a market cap of $77.79 billion, a P/E ratio of 25.33, a P/E/G ratio of 2.81 and a beta of 0.45. The stock’s 50 day moving average price is $100.40 and its 200 day moving average price is $97.01. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. 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 posted its 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. The company had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. Duke Energy’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.20 earnings per share. On average, research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.025 per share. 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 4.07%. Duke Energy’s dividend payout ratio (DPR) 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.

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

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