SPC Financial Inc. Sells 91 Shares of Duke Energy Co. (NYSE:DUK)

SPC Financial Inc. trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,347 shares of the utilities provider’s stock after selling 91 shares during the period. SPC Financial Inc.’s holdings in Duke Energy were worth $962,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in Duke Energy in the first quarter worth $25,000. Fortitude Family Office LLC boosted its holdings in shares of Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares in the last quarter. Riverview Trust Co bought a new position in shares of Duke Energy in the 1st quarter worth about $30,000. Olistico Wealth LLC purchased a new position in Duke Energy during the 2nd quarter valued at about $30,000. Finally, Cedar Wealth Management LLC boosted its stake 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 acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was 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 the SEC website. 0.10% of the stock is owned by insiders.

Duke Energy Stock Performance

Shares of DUK opened at $119.80 on Thursday. Duke Energy Co. has a one year low of $85.79 and a one year high of $120.09. The business has a fifty day moving average of $114.67 and a 200 day moving average of $106.40. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The firm has a market capitalization of $92.46 billion, a P/E ratio of 30.10, a PEG ratio of 3.06 and a beta of 0.46.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.91 EPS. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.49%. Duke Energy’s dividend payout ratio (DPR) is 105.03%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Scotiabank lifted their target price 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. BMO Capital Markets boosted their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Bank of America increased their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $116.00 to $121.00 in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $121.85.

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.