Duke Energy Co. (NYSE:DUK) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors trimmed its stake in Duke Energy Co. (NYSE:DUK) by 5.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,405 shares of the utilities provider’s stock after selling 206 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Duke Energy were worth $341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DUK. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 1st quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in Duke Energy in the 4th quarter worth approximately $26,000. Private Wealth Management Group LLC acquired a new position in Duke Energy during the 4th quarter worth $26,000. Fortitude Family Office LLC grew its stake in shares of Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares in the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Duke Energy during the first quarter valued at about $30,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

Shares of Duke Energy stock traded down $0.26 during trading on Wednesday, hitting $113.46. 1,449,355 shares of the company’s stock traded hands, compared to its average volume of 2,957,543. The company has a market cap of $87.56 billion, a PE ratio of 28.71, a PEG ratio of 3.09 and a beta of 0.45. The firm’s fifty day moving average price is $105.03 and its 200 day moving average price is $99.71. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $116.67. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The business’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 company posted $0.91 earnings per share. Analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be paid a dividend of $1.045 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Friday, August 16th. Duke Energy’s dividend payout ratio is 105.03%.

Wall Street Analyst Weigh In

DUK has been the topic of several research analyst reports. Morgan Stanley lowered their price target on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. Evercore ISI raised their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Scotiabank raised their price target on shares of Duke Energy from $94.00 to $104.00 and gave the company a “sector perform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group upped their price target on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.92.

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.