Duke Energy Corporation $DUK Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC lessened its stake in shares of Duke Energy Corporation (NYSE:DUK) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,139 shares of the utilities provider’s stock after selling 579 shares during the quarter. Good Life Advisors LLC’s holdings in Duke Energy were worth $2,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DUK. Vanguard Group Inc. increased its holdings in Duke Energy by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after purchasing an additional 1,676,061 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Duke Energy by 1.7% during the second quarter. Geode Capital Management LLC now owns 18,684,447 shares of the utilities provider’s stock worth $2,205,070,000 after buying an additional 319,001 shares during the period. GQG Partners LLC grew its stake in shares of Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after buying an additional 10,192,503 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Duke Energy by 4.9% in the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock valued at $1,088,158,000 after buying an additional 418,014 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Duke Energy by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock valued at $1,055,087,000 after buying an additional 93,699 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a report on Friday, October 10th. Mizuho raised their price objective on shares of Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Evercore ISI assumed coverage on shares of Duke Energy in a research note on Monday, October 6th. They set an “outperform” rating and a $143.00 target price on the stock. Finally, Wells Fargo & Company raised shares of Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president directly owned 19,608 shares in the company, valued at $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Stock Down 0.3%

DUK stock opened at $123.57 on Friday. The company’s 50 day moving average price is $124.12 and its 200 day moving average price is $120.91. The firm has a market capitalization of $96.10 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 3.05 and a beta of 0.45. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter in the previous year, the business posted $1.62 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is 66.98%.

Duke Energy 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.