Bfsg LLC Sells 235 Shares of Duke Energy Co. (NYSE:DUK)

Bfsg LLC decreased its position in Duke Energy Co. (NYSE:DUK) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,517 shares of the utilities provider’s stock after selling 235 shares during the period. Bfsg LLC’s holdings in Duke Energy were worth $1,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. Pinnacle West Asset Management Inc. boosted its holdings in shares of Duke Energy by 2.1% during the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 90 shares during the period. Sachetta LLC boosted its stake in Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares during the period. SeaCrest Wealth Management LLC grew its holdings in Duke Energy by 1.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock valued at $611,000 after buying an additional 98 shares in the last quarter. Waddell & Associates LLC increased its position in Duke Energy by 2.7% during the 2nd quarter. Waddell & Associates LLC now owns 3,753 shares of the utilities provider’s stock worth $376,000 after buying an additional 99 shares during the period. Finally, Indiana Trust & Investment Management CO lifted its holdings in shares of Duke Energy by 4.9% during the second quarter. Indiana Trust & Investment Management CO now owns 2,147 shares of the utilities provider’s stock worth $215,000 after buying an additional 100 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 0.7 %

Shares of NYSE DUK opened at $120.58 on Friday. The company has a market cap of $93.06 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 3.06 and a beta of 0.46. 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 12 month low of $85.79 and a 12 month high of $120.81. The stock has a 50-day moving average price of $114.84 and a two-hundred day moving average price of $106.50.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same period in the prior year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. As a group, analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.47%. Duke Energy’s dividend payout ratio is currently 105.03%.

Insiders Place Their Bets

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 sale, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $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 accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DUK has been the topic of a number of recent research reports. Wells Fargo & Company raised their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. 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. Bank of America increased their price target on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group assumed coverage on Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

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.