Duke Energy Corporation $DUK Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in Duke Energy Corporation (NYSE:DUK) by 38.0% in the first quarter, Holdings Channel reports. The firm owned 495,934 shares of the utilities provider’s stock after selling 304,272 shares during the period. SG Americas Securities LLC’s holdings in Duke Energy were worth $64,938,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Basso Capital Management L.P. acquired a new position in Duke Energy during the 4th quarter valued at approximately $25,000. Dorato Capital Management acquired a new stake in shares of Duke Energy during the fourth quarter worth $26,000. Evolution Wealth Management Inc. grew its holdings in shares of Duke Energy by 1,111.1% during the fourth quarter. Evolution Wealth Management Inc. now owns 218 shares of the utilities provider’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Duke Energy during the third quarter valued at $27,000. Finally, Triumph Capital Management increased its position in shares of Duke Energy by 68.6% in the 4th quarter. Triumph Capital Management now owns 231 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 94 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DUK shares. Jefferies Financial Group lowered their price target on Duke Energy from $143.00 to $138.00 in a research report on Monday, May 11th. Capitol Sec Mgt cut Duke Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, March 28th. UBS Group dropped their target price on Duke Energy from $137.00 to $135.00 in a research report on Monday, May 11th. Finally, Evercore increased their price target on shares of Duke Energy from $139.00 to $140.00 in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and an average target price of $138.07.

Duke Energy Stock Down 0.2%

Duke Energy stock opened at $123.57 on Tuesday. The business’s 50-day moving average price is $125.24 and its 200 day moving average price is $124.11. The company has a quick ratio of 0.44, a current ratio of 0.66 and a debt-to-equity ratio of 1.45. The firm has a market cap of $96.33 billion, a price-to-earnings ratio of 18.92 and a beta of 0.39. Duke Energy Corporation has a 52 week low of $113.89 and a 52 week high of $134.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Monday, May 4th. The utilities provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.06. The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $8.44 billion. Duke Energy had a return on equity of 9.73% and a net margin of 15.49%.Duke Energy’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.71 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Friday, May 15th were issued a dividend of $1.065 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s dividend payout ratio is 65.24%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Louis E. Renjel sold 3,500 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $125.15, for a total value of $438,025.00. Following the completion of the transaction, the chief executive officer owned 21,415 shares in the company, valued at approximately $2,680,087.25. This represents a 14.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Harry K. Sideris sold 20,000 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $124.37, for a total transaction of $2,487,400.00. Following the sale, the chief executive officer directly owned 96,102 shares in the company, valued at approximately $11,952,205.74. The trade was a 17.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by company insiders.

Duke Energy Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.