Allspring Global Investments Holdings LLC Sells 20,314 Shares of Duke Energy Co. (NYSE:DUK)

Allspring Global Investments Holdings LLC decreased its position in Duke Energy Co. (NYSE:DUK) by 5.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 335,297 shares of the utilities provider’s stock after selling 20,314 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Duke Energy were worth $33,607,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DUK. SeaCrest Wealth Management LLC boosted its stake in shares of Duke Energy by 1.6% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after buying an additional 98 shares during the last quarter. Indiana Trust & Investment Management CO boosted its position in Duke Energy by 4.9% during the second quarter. Indiana Trust & Investment Management CO now owns 2,147 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 100 shares during the last quarter. Sound Income Strategies LLC grew its stake in Duke Energy by 6.5% in the second quarter. Sound Income Strategies LLC now owns 1,706 shares of the utilities provider’s stock valued at $171,000 after purchasing an additional 104 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Duke Energy by 3.3% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,390 shares of the utilities provider’s stock worth $328,000 after purchasing an additional 109 shares in the last quarter. Finally, Breakwater Capital Group boosted its holdings in shares of Duke Energy by 3.9% in the 1st quarter. Breakwater Capital Group now owns 2,912 shares of the utilities provider’s stock valued at $282,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Down 0.3 %

Shares of NYSE:DUK traded down $0.36 during trading on Tuesday, reaching $112.65. The stock had a trading volume of 249,022 shares, compared to its average volume of 2,945,606. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $116.67. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The firm’s fifty day moving average is $106.93 and its 200 day moving average is $100.80. The stock has a market cap of $86.94 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 3.09 and a beta of 0.45.

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

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be paid a $1.045 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Friday, August 16th. Duke Energy’s payout ratio is 105.03%.

Analyst Ratings Changes

Several research firms have issued reports on DUK. KeyCorp upped their price target on shares of Duke Energy from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. Wells Fargo & Company lifted their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. The Goldman Sachs Group raised their price objective on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Evercore ISI lifted their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Scotiabank increased their price objective on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $110.85.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $2,259,617.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Duke Energy Company 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.