Duke Energy Co. (NYSE:DUK) Shares Sold by Brighton Jones LLC

Brighton Jones LLC trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,054 shares of the utilities provider’s stock after selling 376 shares during the quarter. Brighton Jones LLC’s holdings in Duke Energy were worth $698,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DUK. Fortitude Family Office LLC grew its position in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares during the period. Olistico Wealth LLC acquired a new position in Duke Energy during the second quarter worth about $30,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the third quarter worth about $30,000. Cedar Wealth Management LLC grew its position in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after buying an additional 169 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Duke Energy during the first quarter worth about $36,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of DUK opened at $117.21 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The company has a market capitalization of $90.46 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.06 and a beta of 0.46. The company’s 50 day simple moving average is $115.51 and its 200 day simple moving average is $107.33. Duke Energy Co. has a 1 year low of $86.61 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last announced 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 business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s quarterly 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. On average, sell-side 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 will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 105.03%.

Wall Street Analyst Weigh In

Several analysts have issued reports on DUK shares. JPMorgan Chase & Co. upped their price target 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. Bank of America upped their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Morgan Stanley upped their price target 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. Scotiabank upped their price target on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Evercore ISI upped their price target on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now 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 document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.