Quad Cities Investment Group LLC Cuts Stock Position in Duke Energy Co. (NYSE:DUK)

Quad Cities Investment Group LLC cut its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 3.7% in the first quarter, HoldingsChannel reports. The firm owned 4,077 shares of the utilities provider’s stock after selling 157 shares during the quarter. Quad Cities Investment Group LLC’s holdings in Duke Energy were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC lifted its position in Duke Energy by 8.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 27,892 shares of the utilities provider’s stock worth $2,697,000 after buying an additional 2,068 shares during the last quarter. Mechanics Bank Trust Department lifted its position in shares of Duke Energy by 4.6% during the first quarter. Mechanics Bank Trust Department now owns 20,764 shares of the utilities provider’s stock worth $2,008,000 after purchasing an additional 913 shares during the last quarter. Riverview Trust Co bought a new stake in shares of Duke Energy during the first quarter worth $30,000. Charles Schwab Trust Co bought a new stake in shares of Duke Energy during the first quarter worth $216,000. Finally, Capital Advisors Wealth Management LLC bought a new stake in shares of Duke Energy during the first quarter worth $275,000. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Down 1.3 %

Shares of DUK stock traded down $1.31 during trading hours on Tuesday, reaching $100.20. 2,115,622 shares of the company’s stock were exchanged, compared to its average volume of 2,956,708. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $104.87. The stock has a market cap of $77.33 billion, a PE ratio of 25.51, a PEG ratio of 2.74 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.50 and a debt-to-equity ratio of 1.54. The stock’s fifty day moving average price is $100.98 and its two-hundred day moving average price is $97.32.

Duke Energy (NYSE:DUKGet Free Report) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The firm had revenue of $7.67 billion during the quarter, compared to the consensus estimate of $7.31 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were issued a $1.025 dividend. This represents a $4.10 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Thursday, May 16th. Duke Energy’s payout ratio is presently 103.02%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Mizuho lifted their target price on Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Scotiabank cut their price target on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Morgan Stanley cut their price target on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Monday. KeyCorp lifted their target price on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Finally, Bank of America lifted their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

View Our Latest Analysis on DUK

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the transaction, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total value of $1,027,900.00. Following the completion of the transaction, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,695 shares of company stock valued at $2,750,815. 0.14% of the stock is owned by company insiders.

About Duke Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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