ProVise Management Group LLC Sells 1,123 Shares of Duke Energy Corporation $DUK

ProVise Management Group LLC lowered its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 2.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 51,414 shares of the utilities provider’s stock after selling 1,123 shares during the period. ProVise Management Group LLC’s holdings in Duke Energy were worth $6,067,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DUK. Vanguard Group Inc. lifted its holdings in shares of Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares during the last quarter. Geode Capital Management LLC boosted its position in Duke Energy by 1.7% in the second quarter. Geode Capital Management LLC now owns 18,684,447 shares of the utilities provider’s stock valued at $2,205,070,000 after buying an additional 319,001 shares in the last quarter. GQG Partners LLC boosted its position in Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after buying an additional 10,192,503 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Duke Energy by 4.9% during the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock worth $1,088,158,000 after buying an additional 418,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Duke Energy by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after acquiring an additional 93,699 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of DUK opened at $122.74 on Friday. 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 one year low of $105.20 and a one year high of $130.03. The stock has a 50-day moving average of $124.17 and a 200-day moving average of $120.92. The company has a market cap of $95.45 billion, a PE ratio of 19.96, a P/E/G 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 (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.06. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. Duke Energy’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 EPS. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued 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 (DPR) is currently 66.98%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. TD Cowen started coverage on Duke Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $143.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Thursday. Evercore ISI began coverage on Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 target price for the company. Wells Fargo & Company upgraded Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Finally, Scotiabank set a $137.00 target price on shares of Duke Energy and gave the company a “sector outperform” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.63.

Insider Activity

In related news, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. This represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

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.