Duke Energy Co. (NYSE:DUK) Shares Sold by Sunpointe LLC

Sunpointe LLC lowered its position in shares of Duke Energy Co. (NYSE:DUK) by 34.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,049 shares of the utilities provider’s stock after selling 1,063 shares during the quarter. Sunpointe LLC’s holdings in Duke Energy were worth $236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DUK. Mackenzie Financial Corp raised its stake in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after buying an additional 813,744 shares in the last quarter. Wulff Hansen & CO. grew its holdings in shares of Duke Energy by 9,923.0% during the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after purchasing an additional 761,590 shares during the last quarter. BROOKFIELD Corp ON bought a new position in shares of Duke Energy during the first quarter valued at approximately $36,278,000. Capital Research Global Investors grew its holdings in shares of Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after purchasing an additional 352,320 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after purchasing an additional 324,289 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on DUK shares. Jefferies Financial Group initiated coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price for the company. Scotiabank increased their price objective on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Morgan Stanley increased their price objective on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. KeyCorp increased their price objective on Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, Wells Fargo & Company increased their price objective on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Duke Energy Stock Up 0.5 %

Shares of NYSE DUK traded up $0.56 during mid-day trading on Wednesday, reaching $117.68. The company had a trading volume of 102,533 shares, compared to its average volume of 3,021,718. Duke Energy Co. has a twelve month low of $85.79 and a twelve month high of $118.31. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market capitalization of $90.82 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The stock’s 50 day moving average is $114.55 and its 200-day moving average is $106.30.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, equities analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 105.03%.

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.