Duke Energy Corporation (NYSE:DUK) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC lowered its position in shares of Duke Energy Corporation (NYSE:DUK) by 5.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,332 shares of the utilities provider’s stock after selling 617 shares during the period. Insigneo Advisory Services LLC’s holdings in Duke Energy were worth $1,260,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vermillion Wealth Management Inc. purchased a new position in shares of Duke Energy in the 4th quarter valued at about $27,000. Parkworth Wealth Management Inc. acquired a new position in Duke Energy in the fourth quarter valued at approximately $28,000. Mattson Financial Services LLC purchased a new position in Duke Energy in the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of Duke Energy during the 4th quarter worth approximately $30,000. Finally, Sierra Ocean LLC acquired a new position in shares of Duke Energy in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.6%

Shares of NYSE:DUK opened at $114.77 on Wednesday. The company has a market cap of $89.20 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 2.88 and a beta of 0.37. Duke Energy Corporation has a fifty-two week low of $99.21 and a fifty-two week high of $125.27. The firm’s 50-day simple moving average is $118.10 and its 200-day simple moving average is $114.90. The company has a quick ratio of 0.50, a current ratio of 0.77 and a debt-to-equity ratio of 1.57.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.17. The company had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a return on equity of 9.88% and a net margin of 15.40%. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 EPS. As a group, equities research analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 16th were given a dividend of $1.045 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. Duke Energy’s payout ratio is currently 69.32%.

Analysts Set New Price Targets

Several brokerages recently commented on DUK. UBS Group reiterated a “neutral” rating and set a $127.00 price target (up from $126.00) on shares of Duke Energy in a research note on Monday, June 2nd. Raymond James Financial began coverage on Duke Energy in a research report on Friday, June 13th. They set a “market perform” rating on the stock. Wells Fargo & Company upped their target price on Duke Energy from $127.00 to $138.00 and gave the company an “overweight” rating in a research report on Wednesday, May 7th. Morgan Stanley cut their price target on Duke Energy from $126.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 22nd. Finally, Guggenheim increased their price objective on Duke Energy from $132.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $125.81.

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.