Nvwm LLC Sells 141 Shares of Duke Energy Co. (NYSE:DUK)

Nvwm LLC lessened its position in Duke Energy Co. (NYSE:DUK) by 1.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,332 shares of the utilities provider’s stock after selling 141 shares during the period. Nvwm LLC’s holdings in Duke Energy were worth $1,422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. PBMares Wealth Management LLC lifted its stake in Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after purchasing an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. increased its position in Duke Energy by 2.1% during the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 90 shares during the last quarter. Castleview Partners LLC raised its position in Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 90 shares during the period. Chicago Capital LLC raised its holdings in shares of Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after buying an additional 93 shares during the period. Finally, Clear Creek Financial Management LLC increased its stake in Duke Energy by 4.0% in the third quarter. Clear Creek Financial Management LLC now owns 2,416 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 93 shares during the period. 65.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. The Goldman Sachs Group increased their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Morgan Stanley upped their target price on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, BMO Capital Markets lifted their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Stock Performance

Shares of Duke Energy stock traded down $2.59 during midday trading on Friday, hitting $112.68. The company had a trading volume of 3,713,148 shares, compared to its average volume of 3,537,712. The stock has a market cap of $87.01 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 3.15 and a beta of 0.47. Duke Energy Co. has a 12-month low of $86.61 and a 12-month high of $121.25. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The company has a fifty day simple moving average of $115.84 and a 200 day simple moving average of $108.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter last year, the company posted $0.91 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 76.98%.

Insider Activity at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by insiders.

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.