Gulf International Bank UK Ltd Trims Stock Holdings in Duke Energy Co. (NYSE:DUK)

Gulf International Bank UK Ltd cut its position in Duke Energy Co. (NYSE:DUK) by 4.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,286 shares of the utilities provider’s stock after selling 2,762 shares during the period. Gulf International Bank UK Ltd’s holdings in Duke Energy were worth $7,181,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. PBMares Wealth Management LLC increased its position in Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares during the period. Pinnacle West Asset Management Inc. raised its stake in Duke Energy by 2.1% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after buying an additional 90 shares during the period. Castleview Partners LLC increased its holdings in shares of Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 90 shares in the last quarter. Kanawha Capital Management LLC lifted its stake in shares of Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after buying an additional 92 shares in the last quarter. Finally, Chicago Capital LLC increased its holdings in Duke Energy by 0.9% during the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on DUK shares. BMO Capital Markets increased their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Evercore ISI boosted their price objective on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Bank of America upped their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company lifted their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Down 0.1 %

Shares of Duke Energy stock opened at $112.52 on Tuesday. The company has a 50-day simple moving average of $115.83 and a two-hundred day simple moving average of $108.46. The stock has a market capitalization of $86.89 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47. Duke Energy Co. has a 52-week low of $86.61 and a 52-week high of $121.25. 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 announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the business posted $0.91 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.71%. Duke Energy’s dividend payout ratio is 76.98%.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

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.