ST Germain D J Co. Inc. Has $342,000 Holdings in Duke Energy Co. (NYSE:DUK)

ST Germain D J Co. Inc. decreased its position in Duke Energy Co. (NYSE:DUK) by 10.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,967 shares of the utilities provider’s stock after selling 333 shares during the period. ST Germain D J Co. Inc.’s holdings in Duke Energy were worth $342,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of DUK. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the 1st quarter valued at about $25,000. Fortitude Family Office LLC grew its position in shares of Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares during the period. Riverview Trust Co bought a new stake in shares of Duke Energy in the 1st quarter valued at $30,000. Olistico Wealth LLC acquired a new position in shares of Duke Energy during the 2nd quarter valued at $30,000. Finally, Cedar Wealth Management LLC boosted its stake in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.1 %

Shares of DUK stock opened at $120.76 on Friday. 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 $93.20 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a 52-week low of $85.79 and a 52-week high of $120.85. The company has a 50-day simple moving average of $115.00 and a two-hundred day simple moving average of $106.74.

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 the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. Duke Energy’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 earnings per share. Research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced 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. This represents a $4.18 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is 105.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DUK. KeyCorp upped their price objective on shares of Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Evercore ISI increased their price target on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. 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. BMO Capital Markets increased their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group initiated coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective on the stock. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was 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 in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.10% of the stock is currently owned by company insiders.

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.