LongView Wealth Management Sells 343 Shares of Duke Energy Co. (NYSE:DUK)

LongView Wealth Management lessened its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,276 shares of the utilities provider’s stock after selling 343 shares during the quarter. LongView Wealth Management’s holdings in Duke Energy were worth $800,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the 1st quarter worth about $25,000. Altshuler Shaham Ltd purchased a new stake in Duke Energy in the 4th quarter valued at about $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Duke Energy during the 4th quarter worth approximately $26,000. Riverview Trust Co bought a new position in Duke Energy in the 1st quarter worth approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Duke Energy in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling

In related news, CEO Lynn J. Good sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director E Marie Mckee sold 1,695 shares of the company’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 value of $173,415.45. Following the transaction, the director now owns 4 shares in the company, valued at $409.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was 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 owns 437,464 shares in the company, valued at approximately $45,190,031.20. 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.

Duke Energy Trading Down 0.4 %

Shares of DUK stock traded down $0.37 during mid-day trading on Friday, reaching $100.22. The stock had a trading volume of 3,898,632 shares, compared to its average volume of 2,951,670. The stock’s 50-day moving average price is $101.37 and its two-hundred day moving average price is $97.43. The firm has a market capitalization of $77.35 billion, a PE ratio of 25.18, a price-to-earnings-growth ratio of 2.75 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.50 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:DUK) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. The firm had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.20 EPS. Equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were paid a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 4.09%. The ex-dividend date was Thursday, May 16th. Duke Energy’s payout ratio is currently 103.02%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America raised their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Morgan Stanley cut their price target on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Monday. Scotiabank cut their price target on shares of 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 shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Finally, Mizuho raised their price target on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Six 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.33.

Duke Energy Profile

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.