Duke Energy Co. (NYSE:DUK) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its position in Duke Energy Co. (NYSE:DUK) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,544 shares of the utilities provider’s stock after purchasing an additional 497 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Duke Energy were worth $2,159,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy during the first quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new stake in Duke Energy during the fourth quarter worth approximately $26,000. Private Wealth Management Group LLC acquired a new position in Duke Energy in the 4th quarter worth approximately $26,000. Riverview Trust Co acquired a new position in Duke Energy in the 1st quarter worth approximately $30,000. Finally, Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of Duke Energy during the 4th quarter valued at $31,000. 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 value of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 value 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 $45,190,031.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Julia S. Janson sold 10,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $7,057,253.03. The disclosure for this sale can be found here. Insiders have sold a total of 26,695 shares of company stock worth $2,750,815 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DUK shares. Barclays raised their price target on shares of Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Morgan Stanley decreased their price target on shares of Duke Energy from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Monday, June 24th. KeyCorp raised their price target on shares of Duke Energy from $112.00 to $114.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. Scotiabank decreased their price target on shares of Duke Energy from $101.00 to $94.00 and set a “sector perform” rating on the stock in a research report on Monday, April 22nd. Finally, Bank of America raised their price target on shares of Duke Energy from $96.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $102.58.

Duke Energy Price Performance

Shares of Duke Energy stock traded down $2.87 during trading on Monday, hitting $111.05. 4,918,389 shares of the company’s stock traded hands, compared to its average volume of 2,939,520. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50. The firm’s fifty day moving average price is $103.57 and its 200 day moving average price is $98.86. Duke Energy Co. has a twelve month low of $83.06 and a twelve month high of $116.67. The company has a market cap of $85.70 billion, a PE ratio of 28.22, a PEG ratio of 3.09 and a beta of 0.45.

Duke Energy (NYSE:DUK) last issued its earnings results 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. The business had revenue of $7.67 billion for the quarter, compared to analyst estimates of $7.31 billion. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 EPS. Analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 16th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a yield of 3.76%. Duke Energy’s payout ratio is 105.03%.

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.