ZRC Wealth Management LLC Sells 133 Shares of Duke Energy Co. (NYSE:DUK)

ZRC Wealth Management LLC decreased its holdings in Duke Energy Co. (NYSE:DUK) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,749 shares of the utilities provider’s stock after selling 133 shares during the quarter. ZRC Wealth Management LLC’s holdings in Duke Energy were worth $169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in DUK. Schonfeld Strategic Advisors LLC bought a new stake in shares of Duke Energy during the third quarter valued at approximately $2,074,000. Axxcess Wealth Management LLC increased its stake in shares of Duke Energy by 51.0% during the third quarter. Axxcess Wealth Management LLC now owns 16,292 shares of the utilities provider’s stock valued at $1,438,000 after purchasing an additional 5,502 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Duke Energy by 273.2% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 766,313 shares of the utilities provider’s stock worth $67,635,000 after purchasing an additional 561,000 shares in the last quarter. Kepos Capital LP increased its position in Duke Energy by 43.4% during the 3rd quarter. Kepos Capital LP now owns 3,229 shares of the utilities provider’s stock valued at $285,000 after buying an additional 978 shares in the last quarter. Finally, KPP Advisory Services LLC purchased a new stake in shares of Duke Energy in the third quarter worth $318,000. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

DUK has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on shares of Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. KeyCorp raised their price target on shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research report on Monday, May 20th. Scotiabank lowered their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Morgan Stanley reduced their target price on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Finally, Bank of America upped their price target on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and an average target price of $102.33.

Insider Buying and Selling at Duke Energy

In other news, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the sale, the executive vice president now directly owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total value of $1,549,500.00. Following the sale, the chief executive officer now directly owns 437,464 shares of the company’s stock, valued at approximately $45,190,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the transaction, the executive vice president now owns 68,657 shares of the company’s stock, valued at $7,057,253.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,695 shares of company stock worth $2,750,815. 0.14% of the stock is owned by corporate insiders.

Duke Energy Trading Up 0.0 %

DUK traded up $0.03 on Thursday, reaching $99.84. 1,072,695 shares of the company traded hands, compared to its average volume of 2,356,087. Duke Energy Co. has a one year low of $83.06 and a one year high of $104.87. The firm has a fifty day simple moving average of $101.44 and a two-hundred day simple moving average of $97.49. The company has a market cap of $77.05 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 2.74 and a beta of 0.45. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. Duke Energy’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities research analysts expect that Duke Energy Co. will post 5.97 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 17th. Shareholders of record on Friday, May 17th were given a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 4.11%. The ex-dividend date was Thursday, May 16th. Duke Energy’s dividend payout ratio is presently 103.02%.

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.