Duke Energy Co. (NYSE:DUK) Shares Sold by Capital Wealth Planning LLC

Capital Wealth Planning LLC cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 51.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 956,725 shares of the utilities provider’s stock after selling 1,016,644 shares during the period. Duke Energy makes up about 1.0% of Capital Wealth Planning LLC’s portfolio, making the stock its 26th largest holding. Capital Wealth Planning LLC’s holdings in Duke Energy were worth $95,893,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy during the first quarter worth about $25,000. Fortitude Family Office LLC increased its stake in Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares in the last quarter. Olistico Wealth LLC acquired a new position in shares of Duke Energy during the second quarter valued at approximately $30,000. Riverview Trust Co purchased a new position in shares of Duke Energy in the first quarter valued at approximately $30,000. Finally, Sachetta LLC increased its position in shares of Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 1.2 %

DUK opened at $117.31 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The firm has a market cap of $90.54 billion, a P/E ratio of 29.47, a P/E/G ratio of 3.19 and a beta of 0.47. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $118.18. The business has a fifty day simple moving average of $111.20 and a 200-day simple moving average of $103.12.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period in the previous year, the company posted $0.91 EPS. Duke Energy’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.56%. This is a boost from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Friday, August 16th. Duke Energy’s payout ratio is presently 105.03%.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DUK has been the topic of several recent research reports. Bank of America lifted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. The Goldman Sachs Group upped their price target on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Morgan Stanley boosted their price objective on Duke Energy from $99.00 to $114.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Hold” and an average target price of $113.92.

Duke Energy Company 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.