Insider Selling: Duke Energy Co. (NYSE:DUK) EVP Sells 15,465 Shares of Stock

Duke Energy Co. (NYSE:DUK) EVP Julia S. Janson sold 15,465 shares of the company’s stock in a transaction dated Friday, July 16th. The stock was sold at an average price of $105.00, for a total value of $1,623,825.00. Following the completion of the transaction, the executive vice president now directly owns 35,032 shares of the company’s stock, valued at approximately $3,678,360. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Duke Energy stock opened at $103.16 on Thursday. The stock has a market capitalization of $79.35 billion, a price-to-earnings ratio of 59.29, a price-to-earnings-growth ratio of 3.84 and a beta of 0.26. Duke Energy Co. has a fifty-two week low of $78.95 and a fifty-two week high of $108.00. The company has a quick ratio of 0.31, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock has a 50 day simple moving average of $101.31.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Sunday, May 9th. The utilities provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.02. The company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.27 billion. Duke Energy had a return on equity of 8.68% and a net margin of 5.95%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 earnings per share. Equities research analysts predict that Duke Energy Co. will post 5.17 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 16th. Stockholders of record on Friday, August 13th will be given a dividend of $0.985 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $0.97. This represents a $3.94 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Thursday, August 12th. Duke Energy’s dividend payout ratio (DPR) is currently 75.39%.

A number of equities analysts recently weighed in on DUK shares. Morgan Stanley reduced their price target on Duke Energy from $108.00 to $107.00 and set an “equal weight” rating for the company in a report on Tuesday. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Friday, April 16th. KeyCorp increased their target price on Duke Energy from $105.00 to $106.00 and gave the company an “overweight” rating in a report on Tuesday. Credit Suisse Group increased their target price on Duke Energy from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 14th. Finally, Argus raised Duke Energy from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Friday, June 25th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and an average price target of $103.08.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DUK. Marshall Wace LLP purchased a new position in shares of Duke Energy during the first quarter worth $79,000. United Bank boosted its position in shares of Duke Energy by 2.1% during the fourth quarter. United Bank now owns 16,493 shares of the utilities provider’s stock worth $1,510,000 after buying an additional 339 shares during the period. Nordea Investment Management AB boosted its position in shares of Duke Energy by 0.5% during the fourth quarter. Nordea Investment Management AB now owns 37,542 shares of the utilities provider’s stock worth $3,437,000 after buying an additional 204 shares during the period. Financial Advocates Investment Management raised its stake in shares of Duke Energy by 6.3% in the fourth quarter. Financial Advocates Investment Management now owns 2,566 shares of the utilities provider’s stock valued at $235,000 after acquiring an additional 152 shares in the last quarter. Finally, Vantage Consulting Group Inc acquired a new stake in shares of Duke Energy in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 62.67% of the company’s stock.

Duke Energy Company Profile

Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in Duke Energy’s regulated electric utilities in the Carolinas, Florida and the Midwest.

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Insider Buying and Selling by Quarter for Duke Energy (NYSE:DUK)

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