My Legacy Advisors LLC Sells 2,016 Shares of Duke Energy Co. (NYSE:DUK)

My Legacy Advisors LLC lessened its holdings in Duke Energy Co. (NYSE:DUK) by 17.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,792 shares of the utilities provider’s stock after selling 2,016 shares during the quarter. My Legacy Advisors LLC’s holdings in Duke Energy were worth $1,129,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Pinnacle West Asset Management Inc. boosted its position in shares of Duke Energy by 2.1% in the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 90 shares during the period. Castleview Partners LLC raised its stake in Duke Energy by 4.9% in the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Chicago Capital LLC raised its stake in Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after purchasing an additional 93 shares in the last quarter. Sachetta LLC raised its stake in Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in Duke Energy by 1.6% in the second quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 98 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.4 %

Shares of Duke Energy stock traded down $0.46 on Tuesday, reaching $119.43. 1,064,817 shares of the company’s stock were exchanged, compared to its average volume of 3,043,262. The company has a market capitalization of $92.17 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a 52 week low of $85.79 and a 52 week high of $121.25. The firm’s 50-day moving average is $115.13 and its two-hundred day moving average is $106.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’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 business earned $0.91 EPS. Sell-side analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is 105.03%.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on DUK shares. Bank of America boosted their price target on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Wells Fargo & Company boosted their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. BMO Capital Markets boosted their price target on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. boosted their price target on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.85.

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.