Investors Sell Shares of Duke Energy Corporation (DUK) on Strength After Insider Selling

Investors sold shares of Duke Energy Corporation (NYSE:DUK) on strength during trading on Tuesday following insider selling activity. $37.66 million flowed into the stock on the tick-up and $58.54 million flowed out of the stock on the tick-down, for a money net flow of $20.88 million out of the stock. Of all companies tracked, Duke Energy Corporation had the 0th highest net out-flow for the day. Duke Energy Corporation traded up $1.21 for the day and closed at $91.09Specifically, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.07% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on DUK shares. Zacks Investment Research lowered Duke Energy Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised Duke Energy Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. BMO Capital Markets reaffirmed a “hold” rating and issued a $87.00 target price (up from $85.00) on shares of Duke Energy Corporation in a research report on Friday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $84.00 target price (up from $83.00) on shares of Duke Energy Corporation in a research report on Wednesday, August 9th. Finally, Morgan Stanley increased their target price on Duke Energy Corporation from $87.00 to $89.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. Duke Energy Corporation presently has an average rating of “Hold” and an average target price of $86.90.

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. The company has a market cap of $62,913.80, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 4.91 and a beta of 0.26.

Duke Energy Corporation (NYSE:DUK) last announced its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to the consensus estimate of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The company’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. sell-side analysts anticipate that Duke Energy Corporation will post 4.56 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $0.89 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a yield of 3.91%. Duke Energy Corporation’s dividend payout ratio (DPR) is 117.49%.

A number of large investors have recently bought and sold shares of the stock. Winfield Associates Inc. lifted its holdings in Duke Energy Corporation by 14.3% in the second quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after acquiring an additional 165 shares during the last quarter. Nelson Roberts Investment Advisors LLC bought a new position in Duke Energy Corporation in the third quarter worth about $112,000. Jolley Asset Management LLC lifted its holdings in Duke Energy Corporation by 26.4% in the second quarter. Jolley Asset Management LLC now owns 1,499 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 313 shares during the last quarter. Daiwa SB Investments Ltd. bought a new position in Duke Energy Corporation in the second quarter worth about $130,000. Finally, AllSquare Wealth Management LLC bought a new position in Duke Energy Corporation in the third quarter worth about $155,000. Institutional investors and hedge funds own 56.29% of the company’s stock.

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Duke Energy Corporation Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

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