Prio Wealth Limited Partnership Reduces Holdings in Duke Energy Co. (NYSE:DUK)

Prio Wealth Limited Partnership decreased its holdings in Duke Energy Co. (NYSE:DUK) by 8.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,095 shares of the utilities provider’s stock after selling 275 shares during the quarter. Prio Wealth Limited Partnership’s holdings in Duke Energy were worth $357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in DUK. Pinnacle West Asset Management Inc. lifted its holdings in Duke Energy by 2.1% during the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after purchasing an additional 90 shares in the last quarter. Chicago Capital LLC lifted its holdings in shares of Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after buying an additional 93 shares in the last quarter. Sachetta LLC lifted its holdings in shares of Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after buying an additional 96 shares in the last quarter. SeaCrest Wealth Management LLC lifted its holdings in shares of Duke Energy by 1.6% in the second quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after buying an additional 98 shares in the last quarter. Finally, Waddell & Associates LLC lifted its holdings in shares of Duke Energy by 2.7% in the second quarter. Waddell & Associates LLC now owns 3,753 shares of the utilities provider’s stock worth $376,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

DUK has been the topic of several research analyst reports. Jefferies Financial Group initiated coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price on the stock. Evercore ISI boosted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Morgan Stanley boosted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, The Goldman Sachs Group boosted their price target on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Trading Down 0.7 %

NYSE DUK opened at $119.90 on Tuesday. The company’s 50-day moving average price is $115.13 and its 200-day moving average price is $106.98. 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 stock has a market cap of $92.54 billion, a PE ratio of 30.13, a PEG ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a 12 month low of $85.79 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. Equities research analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed 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 3.49%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 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.