Janney Capital Management LLC Sells 1,123 Shares of Duke Energy Co. (NYSE:DUK)

Janney Capital Management LLC lessened its position in shares of Duke Energy Co. (NYSE:DUK) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,982 shares of the utilities provider’s stock after selling 1,123 shares during the period. Janney Capital Management LLC’s holdings in Duke Energy were worth $11,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DUK. Private Wealth Partners LLC increased its stake in shares of Duke Energy by 0.6% in the third quarter. Private Wealth Partners LLC now owns 15,982 shares of the utilities provider’s stock worth $1,843,000 after purchasing an additional 93 shares in the last quarter. Clear Creek Financial Management LLC boosted its holdings in Duke Energy by 4.0% in the 3rd quarter. Clear Creek Financial Management LLC now owns 2,416 shares of the utilities provider’s stock worth $279,000 after buying an additional 93 shares during the period. Princeton Global Asset Management LLC grew its stake in Duke Energy by 44.4% in the 3rd quarter. Princeton Global Asset Management LLC now owns 1,404 shares of the utilities provider’s stock valued at $162,000 after buying an additional 432 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Duke Energy by 56.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,538 shares of the utilities provider’s stock valued at $1,446,000 after acquiring an additional 4,500 shares during the period. Finally, Weatherly Asset Management L. P. lifted its position in shares of Duke Energy by 13.9% during the third quarter. Weatherly Asset Management L. P. now owns 2,466 shares of the utilities provider’s stock worth $284,000 after acquiring an additional 301 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. upped their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Jefferies Financial Group began coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. The Goldman Sachs Group upped their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets raised their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Down 2.2 %

Shares of NYSE:DUK opened at $112.68 on Friday. The firm has a market capitalization of $87.01 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47. 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 Co. has a 52-week low of $86.61 and a 52-week high of $121.25. The firm has a fifty day moving average of $115.84 and a 200 day moving average of $108.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. As a group, research analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

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.