Duke Energy Corporation $DUK Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC trimmed its stake in shares of Duke Energy Corporation (NYSE:DUK) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,182 shares of the utilities provider’s stock after selling 490 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Duke Energy were worth $2,146,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in Duke Energy by 11.6% in the fourth quarter. Brighton Jones LLC now owns 6,754 shares of the utilities provider’s stock valued at $728,000 after purchasing an additional 700 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of Duke Energy by 5.8% in the 1st quarter. AMG National Trust Bank now owns 18,450 shares of the utilities provider’s stock valued at $2,250,000 after buying an additional 1,004 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Duke Energy by 2.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 71,418 shares of the utilities provider’s stock valued at $8,711,000 after buying an additional 1,506 shares during the last quarter. Counterweight Ventures LLC raised its stake in Duke Energy by 2.0% during the 1st quarter. Counterweight Ventures LLC now owns 24,579 shares of the utilities provider’s stock worth $2,998,000 after acquiring an additional 471 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC purchased a new stake in Duke Energy in the first quarter valued at $282,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Evercore ISI started coverage on Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 price target on the stock. Barclays boosted their price target on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. BMO Capital Markets lowered their target price on Duke Energy from $138.00 to $136.00 in a research note on Monday, November 10th. Finally, Morgan Stanley increased their price target on Duke Energy from $127.00 to $136.00 and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.63.

Duke Energy Price Performance

DUK stock opened at $122.74 on Monday. The stock’s 50 day moving average price is $124.17 and its 200 day moving average price is $120.91. The firm has a market cap of $95.45 billion, a P/E ratio of 19.96, a PEG ratio of 3.05 and a beta of 0.45. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data 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. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the prior year, the firm posted $1.62 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, sell-side analysts expect that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be given a $1.065 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 annualized dividend and a yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Insider Activity

In other news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the transaction, the senior vice president directly owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate 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.