Duke Energy Co. (NYSE:DUK) Shares Sold by InTrack Investment Management Inc

InTrack Investment Management Inc reduced its stake in Duke Energy Co. (NYSE:DUK) by 3.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 9,603 shares of the utilities provider’s stock after selling 360 shares during the period. InTrack Investment Management Inc’s holdings in Duke Energy were worth $929,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Town & Country Bank & Trust CO dba First Bankers Trust CO boosted its position in Duke Energy by 3.3% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,390 shares of the utilities provider’s stock valued at $328,000 after buying an additional 109 shares during the last quarter. Breakwater Capital Group boosted its holdings in Duke Energy by 3.9% in the first quarter. Breakwater Capital Group now owns 2,912 shares of the utilities provider’s stock valued at $282,000 after purchasing an additional 109 shares during the last quarter. First Command Advisory Services Inc. grew its stake in Duke Energy by 1.4% during the 4th quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after purchasing an additional 110 shares in the last quarter. Chemung Canal Trust Co. increased its holdings in Duke Energy by 0.8% during the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after purchasing an additional 113 shares during the last quarter. Finally, Verum Partners LLC raised its position in shares of Duke Energy by 3.1% in the 4th quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock valued at $372,000 after purchasing an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In related 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 completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Lynn J. Good sold 15,000 shares of the business’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 sale, the chief executive officer now owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director E Marie Mckee sold 1,695 shares of the stock in a transaction 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 directly owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. Insiders have sold a total of 26,695 shares of company stock worth $2,750,815 in the last three months. 0.14% of the stock is owned by company insiders.

Duke Energy Stock Performance

DUK traded up $0.46 during trading on Tuesday, reaching $99.81. 1,833,312 shares of the company were exchanged, compared to its average volume of 2,936,197. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $104.87. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54. The firm has a 50 day moving average of $101.39 and a 200 day moving average of $97.45. The stock has a market cap of $77.03 billion, a P/E ratio of 25.07, a PEG ratio of 2.75 and a beta of 0.45.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.39 by $0.05. The business had revenue of $7.67 billion during 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 quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. On average, sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DUK shares. Mizuho lifted 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. BMO Capital Markets upped their target price on shares of Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, May 20th. Bank of America boosted their price objective on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Barclays increased their target price on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Scotiabank dropped their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.