Duke Energy Co. (NYSE:DUK) Shares Sold by Forsta AP Fonden

Forsta AP Fonden lowered its stake in Duke Energy Co. (NYSE:DUKGet Rating) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,800 shares of the utilities provider’s stock after selling 8,800 shares during the quarter. Forsta AP Fonden’s holdings in Duke Energy were worth $14,158,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Qube Research & Technologies Ltd raised its position in Duke Energy by 720.4% in the fourth quarter. Qube Research & Technologies Ltd now owns 544,960 shares of the utilities provider’s stock worth $57,166,000 after acquiring an additional 478,537 shares in the last quarter. Centaurus Financial Inc. raised its holdings in Duke Energy by 19.7% during the 4th quarter. Centaurus Financial Inc. now owns 5,268 shares of the utilities provider’s stock worth $553,000 after buying an additional 868 shares during the period. Mount Yale Investment Advisors LLC raised its holdings in Duke Energy by 9.1% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 3,246 shares of the utilities provider’s stock worth $341,000 after buying an additional 272 shares during the period. Pinnacle Associates Ltd. raised its holdings in Duke Energy by 7.7% during the 4th quarter. Pinnacle Associates Ltd. now owns 22,500 shares of the utilities provider’s stock worth $2,360,000 after buying an additional 1,618 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Duke Energy by 1.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 143,973 shares of the utilities provider’s stock valued at $15,102,000 after acquiring an additional 1,823 shares during the period. Institutional investors and hedge funds own 62.35% of the company’s stock.

Insider Transactions at Duke Energy

In other news, CFO Steven K. Young sold 415 shares of the business’s stock in a transaction on Friday, July 1st. The shares were sold at an average price of $107.75, for a total value of $44,716.25. Following the completion of the sale, the chief financial officer now directly owns 114,072 shares in the company, valued at $12,291,258. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders sold 1,245 shares of company stock worth $137,021. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. KeyCorp lowered their price objective on shares of Duke Energy from $121.00 to $116.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $112.00 to $114.00 in a research note on Friday. UBS Group cut Duke Energy from a “buy” rating to a “neutral” rating and lowered their target price for the company from $122.00 to $112.00 in a research note on Thursday, June 30th. Morgan Stanley increased their price target on shares of Duke Energy from $107.00 to $114.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 21st. Finally, Barclays lowered their price objective on shares of Duke Energy from $119.00 to $110.00 in a research report on Monday, July 18th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Hold” and a consensus target price of $111.91.

Duke Energy Stock Performance

DUK stock opened at $109.16 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.70 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $84.04 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 3.35 and a beta of 0.34. Duke Energy Co. has a 12 month low of $95.48 and a 12 month high of $116.33. The firm has a 50 day moving average of $106.71 and a two-hundred day moving average of $107.24.

Duke Energy (NYSE:DUKGet Rating) last posted its earnings results on Thursday, August 4th. The utilities provider reported $1.14 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.04). The business had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $5.79 billion. Duke Energy had a return on equity of 8.42% and a net margin of 14.50%. The business’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 earnings per share. As a group, equities analysts anticipate that Duke Energy Co. will post 5.45 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Stockholders of record on Friday, August 12th will be paid a $1.005 dividend. This represents a $4.02 dividend on an annualized basis and a dividend yield of 3.68%. This is a boost from Duke Energy’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend is Thursday, August 11th. Duke Energy’s payout ratio is presently 79.76%.

Duke Energy Profile

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Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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