Duke Energy Co. (NYSE:DUK) Shares Sold by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lessened its holdings in shares of Duke Energy Co. (NYSE:DUK) by 5.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,485 shares of the utilities provider’s stock after selling 3,075 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Duke Energy were worth $6,282,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Plan Group Financial LLC increased its stake in Duke Energy by 10.4% during the 3rd quarter. Plan Group Financial LLC now owns 8,026 shares of the utilities provider’s stock worth $925,000 after buying an additional 757 shares during the period. Weaver Capital Management LLC grew its stake in shares of Duke Energy by 4.0% in the third quarter. Weaver Capital Management LLC now owns 11,949 shares of the utilities provider’s stock worth $1,378,000 after acquiring an additional 455 shares in the last quarter. Community Trust & Investment Co. purchased a new stake in shares of Duke Energy during the third quarter worth $506,000. Private Advisor Group LLC raised its stake in shares of Duke Energy by 1.7% in the third quarter. Private Advisor Group LLC now owns 76,405 shares of the utilities provider’s stock valued at $8,810,000 after acquiring an additional 1,308 shares in the last quarter. Finally, Waldron Private Wealth LLC boosted its holdings in Duke Energy by 4.2% in the third quarter. Waldron Private Wealth LLC now owns 3,437 shares of the utilities provider’s stock valued at $396,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays raised their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Wells Fargo & Company boosted their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, Morgan Stanley boosted their target price on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Up 0.2 %

DUK opened at $120.07 on Wednesday. The stock has a market capitalization of $92.67 billion, a P/E ratio of 30.12, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy Co. has a one year low of $86.61 and a one year high of $121.25. The business’s 50-day simple moving average is $115.25 and its 200-day simple moving average is $107.15.

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

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.48%. Duke Energy’s dividend payout ratio is presently 105.03%.

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.