Duke Energy Co. (NYSE:DUK) Shares Sold by Mount Yale Investment Advisors LLC

Mount Yale Investment Advisors LLC lowered its stake in shares of Duke Energy Co. (NYSE:DUK) by 12.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,564 shares of the utilities provider’s stock after selling 1,690 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Duke Energy were worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC lifted its position in Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares during the last quarter. Olistico Wealth LLC purchased a new stake in shares of Duke Energy in the 2nd quarter valued at about $30,000. Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the 3rd quarter valued at about $30,000. Cedar Wealth Management LLC grew its stake in Duke Energy by 101.2% during the 1st 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 last quarter. Finally, EntryPoint Capital LLC acquired a new position in Duke Energy during the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. BMO Capital Markets lifted their target price on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Morgan Stanley increased their price target on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Bank of America boosted their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Trading Down 1.5 %

Shares of DUK opened at $117.21 on Friday. The firm’s 50-day moving average is $115.51 and its two-hundred day moving average is $107.33. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $90.46 billion, a P/E ratio of 29.45, a PEG ratio of 3.06 and a beta of 0.46.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. 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 payout ratio is currently 105.03%.

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.