Torno Capital LLC Has $50,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Torno Capital LLC reduced its stake in Duke Energy Co. (NYSE:DUK) by 93.3% during the second quarter, Holdings Channel.com reports. The fund owned 500 shares of the utilities provider’s stock after selling 7,000 shares during the period. Torno Capital LLC’s holdings in Duke Energy were worth $50,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position 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 worth $6,835,047,000 after acquiring an additional 324,289 shares in the last quarter. Capital Research Global Investors lifted its stake 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 valued at $1,111,521,000 after buying an additional 352,320 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of 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 worth $247,672,000 after buying an additional 40,243 shares in the last quarter. Capital Wealth Planning LLC grew its position in shares of Duke Energy by 1.6% during the 1st quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock worth $190,845,000 after buying an additional 31,309 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Duke Energy by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock valued at $182,101,000 after acquiring an additional 240,136 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 0.8 %

Shares of DUK stock opened at $117.31 on Tuesday. Duke Energy Co. has a 52-week low of $83.06 and a 52-week high of $118.31. The company has a 50-day simple moving average of $112.79 and a two-hundred day simple moving average of $104.13. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The company has a market capitalization of $90.54 billion, a price-to-earnings ratio of 29.47, a PEG ratio of 3.19 and a beta of 0.47.

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

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 16th were issued a $1.045 dividend. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date was Friday, August 16th. Duke Energy’s payout ratio is 105.03%.

Analyst Ratings Changes

A number of equities research analysts have commented on DUK shares. Scotiabank raised their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. raised their target price on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. KeyCorp boosted their target price on Duke Energy from $117.00 to $121.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Morgan Stanley increased their price target on Duke Energy from $99.00 to $114.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Finally, Bank of America boosted their price objective on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $116.36.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of Duke Energy 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 sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by company insiders.

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.