Stonebrook Private Inc. Sells 165 Shares of Duke Energy Co. (NYSE:DUK)

Stonebrook Private Inc. decreased its position in Duke Energy Co. (NYSE:DUK) by 6.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,520 shares of the utilities provider’s stock after selling 165 shares during the period. Stonebrook Private Inc.’s holdings in Duke Energy were worth $244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors lifted its position in Duke Energy by 4.8% in the 4th quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock valued at $1,081,125,000 after acquiring an additional 509,039 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Duke Energy by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock valued at $799,599,000 after purchasing an additional 842,458 shares in the last quarter. Franklin Resources Inc. increased its holdings in Duke Energy by 0.5% in the 4th quarter. Franklin Resources Inc. now owns 8,113,443 shares of the utilities provider’s stock worth $787,328,000 after buying an additional 42,782 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Duke Energy by 3.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,351,533 shares of the utilities provider’s stock worth $228,193,000 after buying an additional 84,227 shares during the last quarter. Finally, Capital Wealth Planning LLC lifted its stake in Duke Energy by 1.6% during the 1st quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock valued at $190,845,000 after acquiring an additional 31,309 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Down 0.1 %

DUK traded down $0.07 during trading on Monday, hitting $105.32. 2,711,026 shares of the stock were exchanged, compared to its average volume of 2,914,813. The firm has a market cap of $81.28 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 2.89 and a beta of 0.45. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $105.90. The firm has a 50 day simple moving average of $101.87 and a 200 day simple moving average of $97.77.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $7.31 billion. During the same period in the prior year, the business earned $1.20 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts expect that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be issued a $1.045 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.97%. Duke Energy’s dividend payout ratio (DPR) is currently 103.02%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DUK shares. Mizuho increased their price target on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a report on Friday, April 5th. KeyCorp boosted their price objective on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Bank of America upped their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. BMO Capital Markets cut their price objective on shares of Duke Energy from $110.00 to $109.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Barclays raised their price objective on Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.42.

Insider Transactions at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the transaction, 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. In the last three months, insiders sold 26,695 shares of company stock valued at $2,750,815. Corporate insiders own 0.10% of the company’s stock.

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.