Apella Capital LLC Trims Position in Duke Energy Co. (NYSE:DUK)

Apella Capital LLC trimmed its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 13.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,318 shares of the utilities provider’s stock after selling 362 shares during the period. Apella Capital LLC’s holdings in Duke Energy were worth $226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DUK. Altshuler Shaham Ltd purchased a new stake in shares of Duke Energy in the fourth quarter valued at about $26,000. Private Wealth Management Group LLC acquired a new position in shares of Duke Energy during the fourth quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of Duke Energy during the fourth quarter worth about $31,000. Versant Capital Management Inc increased its stake in shares of Duke Energy by 46.6% during the first quarter. Versant Capital Management Inc now owns 368 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 117 shares during the period. Finally, Creekmur Asset Management LLC acquired a new position in shares of Duke Energy during the fourth quarter worth about $39,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Duke Energy

In related news, Director E Marie Mckee sold 1,695 shares of the firm’s 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 sale, the director now owns 4 shares in the company, valued at $409.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director E Marie Mckee sold 1,695 shares of the firm’s 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 sale, the director now owns 4 shares in the company, valued at $409.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 68,657 shares in the company, valued at approximately $7,057,253.03. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock valued at $2,750,815 over the last quarter. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. Scotiabank dropped their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. KeyCorp boosted their price target on shares of Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Mizuho boosted their price target on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, Morgan Stanley upped their target price on shares of Duke Energy from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $102.75.

Read Our Latest Report on DUK

Duke Energy Price Performance

Shares of NYSE DUK traded down $0.26 on Friday, hitting $99.84. The company’s stock had a trading volume of 4,932,704 shares, compared to its average volume of 2,971,594. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $104.87. The company has a market capitalization 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. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The stock has a 50 day moving average of $100.83 and a 200-day moving average of $97.21.

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 the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company had revenue of $7.67 billion for the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

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

Duke Energy Company 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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