Duke Energy Co. (NYSE:DUK) Shares Sold by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC lessened its position in Duke Energy Co. (NYSE:DUK) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,930 shares of the utilities provider’s stock after selling 189 shares during the period. Joel Isaacson & Co. LLC’s holdings in Duke Energy were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Duality Advisers LP boosted its position in shares of Duke Energy by 57.8% during the first quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock worth $2,618,000 after buying an additional 9,917 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in Duke Energy by 63.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock worth $4,324,000 after acquiring an additional 17,420 shares during the period. Janus Henderson Group PLC grew its stake in shares of Duke Energy by 9.4% in the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock worth $10,520,000 after purchasing an additional 9,334 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Duke Energy during the second quarter valued at $2,888,000. Finally, Chapin Davis Inc. raised its stake in shares of Duke Energy by 1.8% during the first quarter. Chapin Davis Inc. now owns 7,675 shares of the utilities provider’s stock valued at $742,000 after purchasing an additional 133 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DUK has been the topic of several research analyst reports. BMO Capital Markets raised their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Wells Fargo & Company raised their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Morgan Stanley boosted their price objective on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, The Goldman Sachs Group raised their target price on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.85.

Duke Energy Stock Down 1.5 %

DUK stock opened at $117.21 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The firm has a market capitalization of $90.51 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.27 and a beta of 0.46. Duke Energy Co. has a 52-week low of $86.61 and a 52-week high of $121.25. The company’s 50 day simple moving average is $115.61 and its 200-day simple moving average is $107.54.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (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 analyst estimates of $6.84 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, equities research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 76.98%.

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.