Duke Energy Co. (NYSE:DUK) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its holdings in Duke Energy Co. (NYSE:DUK) by 8.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,266 shares of the utilities provider’s stock after selling 2,105 shares during the period. Atlantic Union Bankshares Corp’s holdings in Duke Energy were worth $2,250,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DUK. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Duke Energy by 233.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 17,253 shares of the utilities provider’s stock worth $1,523,000 after acquiring an additional 12,073 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Duke Energy by 323.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 62,974 shares of the utilities provider’s stock valued at $5,558,000 after purchasing an additional 48,119 shares in the last quarter. Bank of Nova Scotia grew its holdings in Duke Energy by 30.5% during the 3rd quarter. Bank of Nova Scotia now owns 88,933 shares of the utilities provider’s stock valued at $7,849,000 after purchasing an additional 20,762 shares in the last quarter. Teza Capital Management LLC grew its holdings in Duke Energy by 220.4% during the 3rd quarter. Teza Capital Management LLC now owns 28,475 shares of the utilities provider’s stock valued at $2,513,000 after purchasing an additional 19,587 shares in the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Duke Energy during the 3rd quarter valued at $233,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the business’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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the business’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 completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director E Marie Mckee sold 1,695 shares of the business’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 directly owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock valued at $2,750,815 in the last ninety days. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of a number of recent analyst reports. Scotiabank lowered their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Morgan Stanley lowered their price target on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Monday, June 24th. Bank of America increased their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Mizuho increased their price objective on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, KeyCorp increased their price objective on shares of Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a research note on Monday, May 20th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $102.33.

Duke Energy Trading Down 0.4 %

Duke Energy stock opened at $100.22 on Friday. The firm’s 50-day moving average is $101.37 and its 200-day moving average is $97.43. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $104.87. The company has a market cap of $77.35 billion, a P/E ratio of 25.18, a PEG ratio of 2.76 and a beta of 0.45.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $7.31 billion. During the same period last year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 17th were paid a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 16th. Duke Energy’s payout ratio is 103.02%.

About Duke Energy

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.