Duke Energy (NYSE:DUK) EVP Sells $1,015,160.00 in Stock

Duke Energy Corporation (NYSE:DUK) EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of the transaction, the executive vice president owned 11,367 shares in the company, valued at $1,407,234.60. This represents a 41.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Duke Energy Stock Up 0.2%

DUK traded up $0.29 on Thursday, reaching $122.52. 2,638,477 shares of the company traded hands, compared to its average volume of 3,397,481. The stock’s 50 day moving average price is $124.35 and its 200-day moving average price is $120.96. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03. The company has a market cap of $95.28 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 3.05 and a beta of 0.45.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The company had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same period last year, the business earned $1.62 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio is presently 66.98%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several analyst reports. Royal Bank Of Canada raised shares of Duke Energy to a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group lifted their target price on shares of Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. TD Cowen began coverage on shares of Duke Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $143.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research note on Wednesday. Finally, UBS Group increased their target price on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.44.

Institutional Trading of Duke Energy

A number of large investors have recently bought and sold shares of the business. Activest Wealth Management raised its holdings in shares of Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new position in Duke Energy during the 1st quarter worth about $27,000. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy in the 2nd quarter valued at about $28,000. Mascoma Wealth Management LLC lifted its holdings in shares of Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its position in shares of Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after buying an additional 198 shares during the period. 65.31% of the stock is owned by institutional investors.

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.