Harbour Trust & Investment Management Co Sells 186 Shares of Duke Energy Co. (NYSE:DUK)

Harbour Trust & Investment Management Co lessened its position in shares of Duke Energy Co. (NYSE:DUK) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,124 shares of the utilities provider’s stock after selling 186 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Duke Energy were worth $937,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DUK. International Assets Investment Management LLC grew its position in Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp grew its position in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the last quarter. Wulff Hansen & CO. boosted its holdings in shares of Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after acquiring an additional 761,590 shares during the last quarter. BROOKFIELD Corp ON purchased a new position in shares of Duke Energy during the first quarter worth $36,278,000. Finally, Capital Research Global Investors lifted its position in 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 period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 1.3 %

Shares of Duke Energy stock opened at $119.01 on Friday. The firm has a market capitalization of $91.85 billion, a PE ratio of 29.90, a P/E/G ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25. The firm’s 50-day moving average price is $115.40 and its 200 day moving average price is $107.25. 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 (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. On average, sell-side analysts predict that Duke Energy Co. will post 5.97 EPS 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 paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is 105.03%.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DUK. Barclays increased their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Finally, Wells Fargo & Company increased their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

About Duke Energy

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.