Claro Advisors LLC Reduces Position in Duke Energy Co. (NYSE:DUK)

Claro Advisors LLC trimmed its stake in Duke Energy Co. (NYSE:DUK) by 20.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,242 shares of the utilities provider’s stock after selling 2,680 shares during the period. Claro Advisors LLC’s holdings in Duke Energy were worth $1,181,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp increased its position in Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares in the last quarter. Wulff Hansen & CO. increased its holdings in Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after acquiring an additional 761,590 shares in the last quarter. BROOKFIELD Corp ON bought a new stake in Duke Energy during the 1st quarter worth approximately $36,278,000. Capital Research Global Investors lifted its holdings in Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after purchasing an additional 352,320 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Duke Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after purchasing an additional 324,289 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 0.1 %

NYSE DUK opened at $120.76 on Friday. The stock has a 50 day moving average price of $115.00 and a 200-day moving average price of $106.67. Duke Energy Co. has a one year low of $85.79 and a one year high of $120.85. The company has a market capitalization of $93.20 billion, a P/E ratio of 30.34, a P/E/G ratio of 3.06 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data 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 business had revenue of $7.17 billion during 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 was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. As a group, equities analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.46%. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DUK shares. Royal Bank of Canada restated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. BMO Capital Markets upped their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Scotiabank lifted their target price on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Wells Fargo & Company upped their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective on the stock. Six 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.com, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $121.85.

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.