Rehmann Capital Advisory Group Sells 244 Shares of Duke Energy Co. (NYSE:DUK)

Rehmann Capital Advisory Group lowered its stake in shares of Duke Energy Co. (NYSE:DUK) by 3.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,371 shares of the utilities provider’s stock after selling 244 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Duke Energy were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in Duke Energy during the 1st quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in Duke Energy during the 4th quarter valued at about $26,000. Private Wealth Management Group LLC purchased a new stake in shares of Duke Energy during the 4th quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of Duke Energy in the first quarter worth approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. bought a new position in Duke Energy during the fourth quarter valued at approximately $31,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Price Performance

NYSE DUK traded up $1.86 during trading on Wednesday, hitting $102.80. 1,896,752 shares of the stock traded hands, compared to its average volume of 2,905,310. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $79.34 billion, a P/E ratio of 25.82, a price-to-earnings-growth ratio of 2.76 and a beta of 0.45. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $104.87. The firm has a 50-day simple moving average of $101.61 and a 200-day simple moving average of $97.61.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.39 by $0.05. The business had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. Duke Energy’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 earnings per share. As a group, analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 17th were given a dividend of $1.025 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $4.10 annualized dividend and a dividend yield of 3.99%. Duke Energy’s dividend payout ratio (DPR) is 103.02%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research analyst reports. Barclays increased their price target on Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Scotiabank decreased their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. KeyCorp boosted their price target on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. BMO Capital Markets lifted their price objective on Duke Energy from $108.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Finally, Mizuho increased their target price on shares of Duke Energy from $89.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.33.

Insider Buying and Selling

In other news, CEO Lynn J. Good sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at $45,190,031.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the completion of the sale, the director now directly owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. Insiders have sold 26,695 shares of company stock valued at $2,750,815 in the last 90 days. Company insiders own 0.14% of the company’s stock.

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.