Duke Energy Co. (NYSE:DUK) Stock Position Reduced by ASB Consultores LLC

ASB Consultores LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,968 shares of the utilities provider’s stock after selling 156 shares during the period. ASB Consultores LLC’s holdings in Duke Energy were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of DUK. PBMares Wealth Management LLC lifted its position in Duke Energy by 1.8% during the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after acquiring an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its position in shares of Duke Energy by 2.1% in 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 period. Castleview Partners LLC increased its position in Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 90 shares during the period. Kanawha Capital Management LLC boosted its holdings in Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares during the period. Finally, Chicago Capital LLC grew its position in Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction dated 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 owns 19,884 shares in the company, valued at $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DUK. Evercore ISI lifted their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group started coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective on the stock. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. Finally, Wells Fargo & Company raised their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Trading Down 0.1 %

DUK stock opened at $112.52 on Tuesday. The business has a fifty day moving average price of $115.83 and a 200 day moving average price of $108.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The stock has a market capitalization of $86.89 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 3.08 and a beta of 0.47. Duke Energy Co. has a fifty-two week low of $86.61 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results 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. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Analysts expect that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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

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.