Duke Energy Co. (NYSE:DUK) Shares Sold by FORVIS Wealth Advisors LLC

FORVIS Wealth Advisors LLC lowered its stake in Duke Energy Co. (NYSE:DUK) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,665 shares of the utilities provider’s stock after selling 319 shares during the quarter. FORVIS Wealth Advisors LLC’s holdings in Duke Energy were worth $2,095,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in Duke Energy by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock valued at $2,030,865,000 after acquiring an additional 1,002,157 shares during the last quarter. Capital Research Global Investors lifted its stake in Duke Energy by 4.8% during the fourth quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock valued at $1,081,125,000 after buying an additional 509,039 shares in the last quarter. Morgan Stanley lifted its stake in Duke Energy by 4.9% during the third quarter. Morgan Stanley now owns 10,468,016 shares of the utilities provider’s stock valued at $923,907,000 after buying an additional 492,011 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Duke Energy by 11.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,515,388 shares of the utilities provider’s stock valued at $799,599,000 after buying an additional 842,458 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in Duke Energy by 0.5% during the fourth quarter. Franklin Resources Inc. now owns 8,113,443 shares of the utilities provider’s stock valued at $787,328,000 after buying an additional 42,782 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK traded up $0.39 during mid-day trading on Friday, hitting $100.23. The company’s stock had a trading volume of 139,823 shares, compared to its average volume of 2,899,626. Duke Energy Co. has a one year low of $83.06 and a one year high of $104.87. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The firm has a market capitalization of $77.35 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.74 and a beta of 0.45. The stock’s 50-day moving average is $101.46 and its two-hundred day moving average is $97.50.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.05. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The company had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the business earned $1.20 earnings per share. Duke Energy’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 17th were given a $1.025 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.10 annualized dividend and a yield of 4.09%. Duke Energy’s dividend payout ratio (DPR) is currently 103.02%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DUK shares. KeyCorp upped their target price on Duke Energy from $107.00 to $112.00 and gave the company an “overweight” rating in a report on Monday, May 20th. Scotiabank dropped their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a report on Monday, April 22nd. Bank of America upped their target price on Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Morgan Stanley dropped their target price on Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Monday, June 24th. Finally, BMO Capital Markets increased their price objective on Duke Energy from $108.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $102.33.

Insider Buying and Selling

In other Duke Energy news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the completion of the transaction, the director now directly owns 4 shares in the company, valued at $409.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the completion of the transaction, the executive vice president now directly owns 68,657 shares in the company, valued at $7,057,253.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director E Marie Mckee sold 1,695 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total value of $173,415.45. Following the transaction, the director now owns 4 shares of the company’s stock, valued at $409.24. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock valued at $2,750,815 over the last ninety days. 0.14% of the stock is owned by company insiders.

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.