HM Payson & Co. reduced its position in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 6.8% in the 1st quarter, Holdings Channel reports. The firm owned 7,512 shares of the utilities provider’s stock after selling 551 shares during the period. HM Payson & Co.’s holdings in Duke Energy were worth $726,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the first quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new position in Duke Energy during the fourth quarter valued at approximately $26,000. Private Wealth Management Group LLC acquired a new position in Duke Energy during the fourth quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in Duke Energy during the first quarter valued at approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new position in Duke Energy during the fourth quarter valued at approximately $31,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Trading Up 1.2 %
DUK traded up $1.32 during trading on Friday, reaching $113.92. 4,606,697 shares of the stock traded hands, compared to its average volume of 2,871,585. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $87.92 billion, a PE ratio of 28.62, a P/E/G ratio of 3.09 and a beta of 0.45. The stock’s 50-day moving average is $103.57 and its 200 day moving average is $98.84. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $116.67.
Duke Energy Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, August 16th. This represents a $4.18 dividend on an annualized basis and a yield of 3.67%. This is a boost from Duke Energy’s previous quarterly dividend of $1.03. Duke Energy’s dividend payout ratio is 105.03%.
Insider Buying and Selling at Duke Energy
In other news, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the transaction, the director now owns 4 shares in the company, valued at $409.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director E Marie Mckee sold 1,695 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the transaction, the director now owns 4 shares in the company, valued at $409.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,695 shares of company stock valued at $2,750,815. 0.10% of the stock is currently owned by insiders.
Analyst Ratings Changes
DUK has been the topic of a number of research reports. BMO Capital Markets decreased their target price on shares of Duke Energy from $110.00 to $109.00 and set an “outperform” rating on the stock in a research note on Thursday, July 11th. Morgan Stanley decreased their target price on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Monday, June 24th. KeyCorp boosted their target price on shares of Duke Energy from $112.00 to $114.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Scotiabank decreased their target price on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research note on Monday, April 22nd. Finally, Barclays boosted their price objective on shares of Duke Energy from $99.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $102.58.
Read Our Latest Stock Report on Duke Energy
Duke Energy 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.
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