Edge Capital Group LLC Lowers Stock Holdings in Duke Energy Co. (NYSE:DUK)

Edge Capital Group LLC trimmed its holdings in shares of Duke Energy Co. (NYSE:DUKFree Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,121 shares of the utilities provider’s stock after selling 182 shares during the quarter. Edge Capital Group LLC’s holdings in Duke Energy were worth $982,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DUK. First Command Advisory Services Inc. grew its position in shares of Duke Energy by 1.4% in the fourth quarter. First Command Advisory Services Inc. now owns 7,949 shares of the utilities provider’s stock valued at $771,000 after purchasing an additional 110 shares during the period. Chemung Canal Trust Co. increased its stake in Duke Energy by 0.8% during the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after buying an additional 113 shares in the last quarter. Verum Partners LLC raised its holdings in shares of Duke Energy by 3.1% during the fourth quarter. Verum Partners LLC now owns 3,831 shares of the utilities provider’s stock valued at $372,000 after acquiring an additional 115 shares during the last quarter. J.W. Cole Advisors Inc. lifted its position in shares of Duke Energy by 0.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 27,481 shares of the utilities provider’s stock valued at $2,667,000 after acquiring an additional 115 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Duke Energy by 10.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,266 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on DUK. Bank of America increased their target price on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Morgan Stanley boosted their price objective on Duke Energy from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. KeyCorp raised their target price on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. BMO Capital Markets upped their price objective on shares of Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Finally, Mizuho lifted their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $102.46.

Check Out Our Latest Research Report on Duke Energy

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $103.20 on Thursday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The stock has a market capitalization of $79.65 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 2.87 and a beta of 0.45. The business has a 50-day moving average of $99.57 and a 200 day moving average of $96.39. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $104.87.

Duke Energy (NYSE:DUKGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.39 by $0.05. The company had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 EPS. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 17th will be issued a $1.025 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 3.97%. Duke Energy’s dividend payout ratio (DPR) is 103.02%.

Insider Buying and Selling

In other news, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total value of $1,027,900.00. Following the sale, the executive vice president now directly owns 68,657 shares in the company, valued at approximately $7,057,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock worth $2,750,815 over the last 90 days. 0.10% of the stock is owned by insiders.

About Duke Energy

(Free Report)

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.

See Also

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

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