Cobblestone Capital Advisors LLC NY Sells 563 Shares of Duke Energy Co. (NYSE:DUK)

Cobblestone Capital Advisors LLC NY trimmed its position in Duke Energy Co. (NYSE:DUK) by 8.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,207 shares of the utilities provider’s stock after selling 563 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Duke Energy were worth $622,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in DUK. SeaCrest Wealth Management LLC boosted its stake in shares of Duke Energy by 1.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock valued at $611,000 after purchasing an additional 98 shares during the last quarter. Indiana Trust & Investment Management CO grew its holdings in Duke Energy by 4.9% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 2,147 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 100 shares during the period. Sound Income Strategies LLC raised its position in shares of Duke Energy by 6.5% during the 2nd quarter. Sound Income Strategies LLC now owns 1,706 shares of the utilities provider’s stock valued at $171,000 after acquiring an additional 104 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in shares of Duke Energy by 3.3% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 3,390 shares of the utilities provider’s stock valued at $328,000 after purchasing an additional 109 shares during the period. Finally, Breakwater Capital Group grew its stake in shares of Duke Energy by 3.9% during the first quarter. Breakwater Capital Group now owns 2,912 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 109 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of several analyst reports. The Goldman Sachs Group increased 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. BMO Capital Markets lifted their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. KeyCorp upped their target price on shares of Duke Energy from $114.00 to $117.00 and gave the company an “overweight” rating in a research note on Wednesday, August 14th. Evercore ISI lifted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company upped their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $113.92.

Duke Energy Stock Down 0.2 %

Shares of Duke Energy stock traded down $0.25 during trading on Friday, reaching $116.60. The stock had a trading volume of 3,482,508 shares, compared to its average volume of 2,953,683. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $89.99 billion, a price-to-earnings ratio of 29.30, a P/E/G ratio of 3.13 and a beta of 0.47. The stock has a fifty day moving average price of $109.51 and a two-hundred day moving average price of $102.10. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $118.11.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion for 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 business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.91 EPS. Sell-side analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Increases Dividend

The firm 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 dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, August 16th. This is a boost from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a yield of 3.58%. Duke Energy’s payout ratio is 105.03%.

About Duke Energy

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.