Duke Energy Corp (DUK) Shares Sold by ING Groep NV

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ING Groep NV lowered its position in shares of Duke Energy Corp (NYSE:DUK) by 19.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,854 shares of the utilities provider’s stock after selling 11,369 shares during the quarter. ING Groep NV’s holdings in Duke Energy were worth $3,784,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DUK. Atwood & Palmer Inc. increased its position in Duke Energy by 434.9% in the first quarter. Atwood & Palmer Inc. now owns 1,348 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,096 shares during the last quarter. Landaas & Co. WI ADV purchased a new position in Duke Energy during the second quarter worth $110,000. Centersquare Investment Management LLC purchased a new position in Duke Energy during the first quarter worth $122,000. Kaizen Advisory LLC boosted its stake in Duke Energy by 125.8% during the second quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock worth $122,000 after buying an additional 858 shares during the period. Finally, AdvisorNet Financial Inc boosted its stake in Duke Energy by 137.3% during the second quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock worth $137,000 after buying an additional 1,002 shares during the period. Hedge funds and other institutional investors own 58.71% of the company’s stock.

In other news, COO Dhiaa M. Jamil sold 7,000 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $80.98, for a total transaction of $566,860.00. Following the transaction, the chief operating officer now owns 4,279 shares in the company, valued at approximately $346,513.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Dhiaa M. Jamil sold 4,279 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total value of $348,909.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,779 shares of company stock worth $956,650. Insiders own 0.07% of the company’s stock.

Several research firms have commented on DUK. Morgan Stanley lifted their price objective on shares of Duke Energy from $86.00 to $91.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Guggenheim reissued a “buy” rating and set a $86.00 target price on shares of Duke Energy in a research note on Friday, August 17th. Zacks Investment Research lowered shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Monday, July 30th. Scotiabank started coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They set a “buy” rating and a $85.00 target price for the company. Finally, Howard Weil started coverage on shares of Duke Energy in a research note on Tuesday, July 24th. They set a “sector outperform” rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $84.00.

Shares of DUK traded down $0.45 during mid-day trading on Friday, hitting $81.70. 3,081,182 shares of the company traded hands, compared to its average volume of 2,987,297. Duke Energy Corp has a 1-year low of $71.96 and a 1-year high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.66 and a debt-to-equity ratio of 1.17. The company has a market cap of $57.62 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 3.69 and a beta of 0.04.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.08). Duke Energy had a return on equity of 7.92% and a net margin of 11.52%. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter last year, the company posted $1.01 EPS. Duke Energy’s quarterly revenue was up 1.6% compared to the same quarter last year. research analysts anticipate that Duke Energy Corp will post 4.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Friday, August 17th will be given a $0.9275 dividend. This represents a $3.71 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $0.89. Duke Energy’s dividend payout ratio is currently 81.18%.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Further Reading: How to calculate the intrinsic value of a stock

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

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