Cornerstone Capital Inc. Trims Holdings in Duke Energy Co. (NYSE:DUK)

Cornerstone Capital Inc. trimmed its stake in Duke Energy Co. (NYSE:DUK) by 0.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 26,818 shares of the utilities provider’s stock after selling 121 shares during the quarter. Cornerstone Capital Inc.’s holdings in Duke Energy were worth $3,092,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DUK. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after acquiring an additional 324,289 shares in the last quarter. Capital Research Global Investors raised its holdings in Duke Energy by 3.2% in the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after buying an additional 352,320 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Duke Energy by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after buying an additional 813,744 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Up 0.4 %

Duke Energy stock traded up $0.48 during midday trading on Tuesday, reaching $113.00. The company’s stock had a trading volume of 377,405 shares, compared to its average volume of 3,031,882. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy Co. has a 52-week low of $86.61 and a 52-week high of $121.25. The stock has a market capitalization of $87.26 billion, a P/E ratio of 20.72, a PEG ratio of 3.08 and a beta of 0.47. The stock’s 50-day simple moving average is $115.83 and its 200-day simple moving average is $108.46.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter last year, the company earned $0.91 EPS. The business’s revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.70%. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

Insider Activity

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Barclays upped their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Scotiabank lifted their price objective on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.