Duke Energy Co. (NYSE:DUK) Shares Sold by Leo Brokerage LLC

Leo Brokerage LLC trimmed its position in Duke Energy Co. (NYSE:DUKGet Rating) by 32.1% in the second quarter, HoldingsChannel.com reports. The firm owned 4,042 shares of the utilities provider’s stock after selling 1,914 shares during the quarter. Leo Brokerage LLC’s holdings in Duke Energy were worth $433,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DUK. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Duke Energy during the 1st quarter valued at $33,000. Carl Stuart Investment Advisor Inc. acquired a new stake in shares of Duke Energy during the 1st quarter valued at $33,000. Quent Capital LLC acquired a new stake in shares of Duke Energy during the 4th quarter valued at $35,000. San Luis Wealth Advisors LLC acquired a new stake in shares of Duke Energy during the 1st quarter valued at $35,000. Finally, Chilton Capital Management LLC acquired a new stake in shares of Duke Energy during the 4th quarter valued at $40,000. 63.76% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Trading Down 0.2 %

NYSE DUK opened at $106.11 on Monday. Duke Energy Co. has a 1-year low of $95.48 and a 1-year high of $116.33. The company has a current ratio of 0.70, a quick ratio of 0.50 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $81.69 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.20 and a beta of 0.35. The firm’s fifty day simple moving average is $108.64 and its 200-day simple moving average is $108.92.

Duke Energy (NYSE:DUKGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The utilities provider reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.04). Duke Energy had a return on equity of 8.42% and a net margin of 14.50%. The company had revenue of $6.69 billion during the quarter, compared to analyst estimates of $5.79 billion. During the same period last year, the company posted $1.15 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.45 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, August 12th were given a dividend of $1.005 per share. This represents a $4.02 annualized dividend and a yield of 3.79%. This is an increase from Duke Energy’s previous quarterly dividend of $0.99. The ex-dividend date was Thursday, August 11th. Duke Energy’s dividend payout ratio is presently 81.38%.

Insiders Place Their Bets

In other Duke Energy news, COO Dhiaa M. Jamil sold 700 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $109.93, for a total transaction of $76,951.00. Following the transaction, the chief operating officer now directly owns 58,957 shares of the company’s stock, valued at $6,481,143.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Duke Energy news, CFO Steven K. Young sold 415 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $107.75, for a total transaction of $44,716.25. Following the completion of the sale, the chief financial officer now directly owns 114,072 shares in the company, valued at $12,291,258. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Dhiaa M. Jamil sold 700 shares of the company’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $109.93, for a total transaction of $76,951.00. Following the sale, the chief operating officer now owns 58,957 shares of the company’s stock, valued at $6,481,143.01. The disclosure for this sale can be found here. Insiders have sold 7,819 shares of company stock valued at $856,533 over the last three months. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DUK shares. KeyCorp cut their price objective on Duke Energy from $121.00 to $116.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Credit Suisse Group downgraded shares of Duke Energy from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $112.00 to $114.00 in a research note on Friday, August 5th. Morgan Stanley boosted their target price on shares of Duke Energy from $114.00 to $123.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 23rd. Barclays cut their target price on shares of Duke Energy from $119.00 to $110.00 in a research note on Monday, July 18th. Finally, UBS Group downgraded shares of Duke Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $122.00 to $112.00 in a research note on Thursday, June 30th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.10.

About Duke Energy

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Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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