TrueWealth Advisors LLC Sells 185 Shares of Duke Energy Co. (NYSE:DUK)

TrueWealth Advisors LLC decreased its position in shares of Duke Energy Co. (NYSE:DUK) by 7.6% during the second quarter, Holdings Channel.com reports. The fund owned 2,244 shares of the utilities provider’s stock after selling 185 shares during the quarter. TrueWealth Advisors LLC’s holdings in Duke Energy were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DUK. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 1st quarter worth $25,000. Altshuler Shaham Ltd bought a new position in shares of Duke Energy in the fourth quarter worth about $26,000. Private Wealth Management Group LLC bought a new stake in Duke Energy during the 4th quarter valued at approximately $26,000. Fortitude Family Office LLC lifted its holdings in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares in the last quarter. Finally, Riverview Trust Co bought a new position in Duke Energy in the 1st quarter worth approximately $30,000. 65.31% of the stock is currently owned by institutional investors.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research analyst reports. Barclays boosted their target price on shares of Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Wells Fargo & Company raised their price objective on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Evercore ISI increased their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group upped their price objective on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets boosted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $110.85.

Duke Energy Trading Up 0.2 %

Shares of Duke Energy stock traded up $0.24 during trading on Friday, hitting $112.36. The stock had a trading volume of 2,732,539 shares, compared to its average volume of 2,961,570. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $116.67. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The firm’s fifty day simple moving average is $106.68 and its 200-day simple moving average is $100.58. The stock has a market cap of $86.72 billion, a PE ratio of 28.23, a PEG ratio of 3.09 and a beta of 0.45.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be paid a dividend of $1.045 per share. This is a positive change 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 3.72%. The ex-dividend date is Friday, August 16th. Duke Energy’s payout ratio is currently 105.03%.

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.