Duke Energy Co. (NYSE:DUK) Shares Sold by Bay Rivers Group

Bay Rivers Group lowered its position in Duke Energy Co. (NYSE:DUK) by 10.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 2,224 shares of the utilities provider’s stock after selling 250 shares during the period. Bay Rivers Group’s holdings in Duke Energy were worth $256,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Fortitude Family Office LLC increased its stake in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 119 shares during the last quarter. Olistico Wealth LLC purchased a new position in Duke Energy in the 2nd quarter valued at approximately $30,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy during the 3rd quarter worth about $30,000. Cedar Wealth Management LLC increased its stake in Duke Energy by 101.2% in the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of Duke Energy in the 1st quarter valued at about $36,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction on 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 in the company, valued at $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DUK. Wells Fargo & Company upped their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Morgan Stanley raised their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Evercore ISI boosted their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Performance

DUK stock traded down $2.27 during trading on Tuesday, reaching $114.79. 951,878 shares of the company’s stock were exchanged, compared to its average volume of 3,028,195. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The company’s fifty day moving average price is $115.70 and its 200-day moving average price is $107.78. 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 $88.64 billion, a PE ratio of 21.56, a P/E/G ratio of 3.27 and a beta of 0.46.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion during 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%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. On average, research analysts expect that Duke Energy Co. will post 5.97 EPS 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. Stockholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is presently 76.98%.

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.