Duke Energy Corporation $DUK Stock Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its holdings in Duke Energy Corporation (NYSE:DUK – Free Report) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,129 shares of the utilities provider’s stock after selling 21,981 shares during the period. Commonwealth Equity Services LLC’s holdings in Duke Energy were worth $57,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in shares of Duke Energy during the second quarter valued at approximately $605,680,000. Janus Henderson Group PLC boosted its position in Duke Energy by 5,254.4% in the first quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after purchasing an additional 2,684,721 shares during the last quarter. Swiss National Bank boosted its position in Duke Energy by 7.1% in the first quarter. Swiss National Bank now owns 2,282,341 shares of the utilities provider’s stock worth $298,850,000 after purchasing an additional 151,400 shares during the last quarter. National Pension Service boosted its position in Duke Energy by 1.8% in the second quarter. National Pension Service now owns 2,124,004 shares of the utilities provider’s stock worth $268,856,000 after purchasing an additional 36,835 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Duke Energy by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,092,284 shares of the utilities provider’s stock valued at $273,979,000 after purchasing an additional 58,967 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Duke Energy stock opened at $127.91 on Friday. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49. The company has a current ratio of 0.68, a quick ratio of 0.43 and a debt-to-equity ratio of 1.49. The business’s 50 day simple moving average is $119.84 and its 200 day simple moving average is $124.51. The company has a market cap of $99.73 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.98 and a beta of 0.33.

Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Thursday, November 5th. The utilities provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.13. Duke Energy had a return on equity of 9.82% and a net margin of 15.94%. The business had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $8.91 billion. During the same period last year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts forecast that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be paid a dividend of $1.0850 per share. The ex-dividend date is Friday, November 13th. This represents a $4.34 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio is presently 65.17%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DUK shares. Scotiabank decreased their target price on Duke Energy from $146.00 to $131.00 in a research report on Wednesday, September 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Thursday, October 29th. Morgan Stanley boosted their price target on shares of Duke Energy from $127.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. Wall Street Zen lowered shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Truist Financial decreased their price objective on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 12th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.

Check Out Our Latest Stock Report on Duke Energy

Insider Buying and Selling at Duke Energy

In related news, EVP Bonnie Titone sold 2,900 shares of Duke Energy stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $128.00, for a total value of $371,200.00. Following the completion of the sale, the executive vice president owned 26,111 shares of the company’s stock, valued at approximately $3,342,208. This trade represents a 10.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.12% of the company’s stock.

Key Duke Energy News

Here are the key news stories impacting Duke Energy this week:

Duke Energy Profile

(Free Report)

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers.

The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

Duke Energy’s power generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable resources.

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

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