My Legacy Advisors LLC Sells 2,016 Shares of Duke Energy Co. (NYSE:DUK)

My Legacy Advisors LLC lessened its holdings in Duke Energy Co. (NYSE:DUK) by 17.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,792 shares of the utilities provider’s stock after selling 2,016 shares during the quarter. My Legacy Advisors LLC’s holdings in Duke Energy were worth $1,129,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in shares of Duke Energy by 19.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 28,436 shares of the utilities provider’s stock valued at $3,279,000 after purchasing an additional 4,728 shares during the last quarter. Mattern Wealth Management LLC bought a new position in shares of Duke Energy in the 3rd quarter valued at about $205,000. Traphagen Investment Advisors LLC boosted its stake in shares of Duke Energy by 2.4% in the 3rd quarter. Traphagen Investment Advisors LLC now owns 4,867 shares of the utilities provider’s stock valued at $561,000 after purchasing an additional 113 shares during the last quarter. Calton & Associates Inc. bought a new position in shares of Duke Energy in the 3rd quarter valued at about $277,000. Finally, Oakworth Capital Inc. raised its position in shares of Duke Energy by 1.5% in the 3rd quarter. Oakworth Capital Inc. now owns 8,463 shares of the utilities provider’s stock valued at $976,000 after acquiring an additional 121 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.4 %

Shares of NYSE DUK traded down $0.46 during midday trading on Tuesday, reaching $119.43. The company’s stock had a trading volume of 1,064,817 shares, compared to its average volume of 3,043,262. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a fifty-two week low of $85.79 and a fifty-two week high of $121.25. The stock has a market capitalization of $92.17 billion, a price-to-earnings ratio of 30.13, a PEG ratio of 3.06 and a beta of 0.46. The stock has a 50 day simple moving average of $115.13 and a 200-day simple moving average of $106.98.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same period last year, the company earned $0.91 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year. Equities research analysts predict 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, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.50%. Duke Energy’s dividend payout ratio is presently 105.03%.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction on Thursday, August 8th. The shares were 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 trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DUK shares. Scotiabank increased their price target on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. increased 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. Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Finally, Barclays increased their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $121.85.

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.