Duke Energy Co. (NYSE:DUK) Shares Sold by Donaldson Capital Management LLC

Donaldson Capital Management LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,898 shares of the utilities provider’s stock after selling 146 shares during the period. Donaldson Capital Management LLC’s holdings in Duke Energy were worth $1,602,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fortitude Family Office LLC grew its position in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares during the last quarter. Olistico Wealth LLC purchased a new stake in Duke Energy in the 2nd quarter valued at approximately $30,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the 3rd quarter valued at approximately $30,000. Cedar Wealth Management LLC boosted its stake in shares of Duke Energy by 101.2% in the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after buying an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Duke Energy in the first quarter worth $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DUK. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Evercore ISI lifted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their price target on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. BMO Capital Markets lifted their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Trading Down 2.2 %

Shares of DUK stock opened at $112.68 on Monday. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The firm’s 50-day simple moving average is $115.84 and its 200-day simple moving average is $108.35. The firm has a market cap of $87.01 billion, a P/E ratio of 20.75, a PEG ratio of 3.15 and a beta of 0.47. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the business earned $0.91 EPS. As a group, equities analysts forecast that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is currently 76.98%.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

About Duke Energy

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.