Duke Energy Co. (NYSE:DUK) Holdings Decreased by Cornerstone Capital Inc.

Cornerstone Capital Inc. trimmed its stake in shares of Duke Energy Co. (NYSE:DUK) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,818 shares of the utilities provider’s stock after selling 121 shares during the quarter. Cornerstone Capital Inc.’s holdings in Duke Energy were worth $3,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norden Group LLC lifted its position in Duke Energy by 141.0% in the 1st quarter. Norden Group LLC now owns 6,443 shares of the utilities provider’s stock worth $623,000 after buying an additional 3,770 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Duke Energy in the first quarter valued at approximately $80,000. BI Asset Management Fondsmaeglerselskab A S boosted its position in Duke Energy by 63.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock valued at $4,324,000 after buying an additional 17,420 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Duke Energy during the first quarter worth $592,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Duke Energy by 108.0% during the first quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,759 shares of the utilities provider’s stock valued at $654,000 after acquiring an additional 3,509 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK traded up $0.48 during trading on Tuesday, hitting $113.00. 377,405 shares of the company were exchanged, compared to its average volume of 3,031,882. 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 company has a market capitalization of $87.26 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The business’s 50 day moving average is $115.83 and its 200-day moving average is $108.46.

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, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. Equities analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently announced 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. This represents a $4.18 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is presently 76.98%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Bank of America boosted their price objective on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Evercore ISI raised their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a 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 report on Thursday, August 29th. Finally, Wells Fargo & Company raised their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.