MGO One Seven LLC Sells 211 Shares of Duke Energy Co. (NYSE:DUK)

MGO One Seven LLC trimmed its stake in Duke Energy Co. (NYSE:DUK) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,095 shares of the utilities provider’s stock after selling 211 shares during the period. MGO One Seven LLC’s holdings in Duke Energy were worth $2,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DUK. Capital Research Global Investors lifted its position in shares of Duke Energy by 4.8% in the 4th quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock worth $1,081,125,000 after acquiring an additional 509,039 shares during the period. Cbre Investment Management Listed Real Assets LLC bought a new position in Duke Energy in the fourth quarter worth $41,874,000. Morningstar Investment Services LLC boosted its stake in Duke Energy by 96.1% during the fourth quarter. Morningstar Investment Services LLC now owns 789,612 shares of the utilities provider’s stock worth $76,529,000 after buying an additional 387,038 shares in the last quarter. BROOKFIELD Corp ON bought a new stake in Duke Energy in the 1st quarter valued at $36,278,000. Finally, Vanguard Group Inc. raised its stake in shares of Duke Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after buying an additional 324,289 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.7 %

DUK opened at $116.16 on Thursday. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $118.18. The stock has a market capitalization of $89.65 billion, a PE ratio of 29.19, a PEG ratio of 3.20 and a beta of 0.46. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average price of $110.54 and a two-hundred day moving average price of $102.68.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. As a group, equities analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 16th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.60%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date is Friday, August 16th. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction dated 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 owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. KeyCorp increased their price target on shares of Duke Energy from $114.00 to $117.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. JPMorgan Chase & Co. raised their target price on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Evercore ISI upped their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Scotiabank lifted their price objective on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, The Goldman Sachs Group upped their target price on shares of Duke Energy from $102.00 to $113.00 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 six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $113.92.

Duke Energy Company 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.