Folger Nolan Fleming Douglas Capital Management Inc. Sells 1,216 Shares of Duke Energy Co. (NYSE:DUK)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in Duke Energy Co. (NYSE:DUK) by 9.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,510 shares of the utilities provider’s stock after selling 1,216 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Duke Energy were worth $1,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of DUK. Diversified Trust Co boosted its stake in shares of Duke Energy by 41.3% in the first quarter. Diversified Trust Co now owns 8,092 shares of the utilities provider’s stock valued at $783,000 after buying an additional 2,367 shares during the period. State of Alaska Department of Revenue increased its position in Duke Energy by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 83,625 shares of the utilities provider’s stock worth $8,087,000 after purchasing an additional 400 shares in the last quarter. Kovack Advisors Inc. grew its stake in shares of Duke Energy by 21.6% during the first quarter. Kovack Advisors Inc. now owns 8,683 shares of the utilities provider’s stock worth $840,000 after buying an additional 1,543 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Duke Energy by 15.9% during the first quarter. Cornerstone Wealth Management LLC now owns 11,918 shares of the utilities provider’s stock worth $1,153,000 after buying an additional 1,635 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its holdings in Duke Energy by 1.9% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 15,277 shares of the utilities provider’s stock worth $1,477,000 after purchasing an additional 292 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insiders Place Their Bets

In other Duke Energy 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 transaction of $61,365.60. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Duke Energy Price Performance

Shares of DUK stock opened at $114.02 on Thursday. The business’s fifty day moving average is $115.77 and its 200 day moving average is $107.96. The stock has a market cap of $88.05 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.27 and a beta of 0.46. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 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 firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 3.67%. Duke Energy’s payout ratio is currently 76.98%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent research reports. Scotiabank lifted their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Bank of America lifted their target price on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI increased their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average 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.