E&G Advisors LP Sells 100 Shares of Duke Energy Co. (NYSE:DUK)

E&G Advisors LP trimmed its position in shares of Duke Energy Co. (NYSE:DUK) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,500 shares of the utilities provider’s stock after selling 100 shares during the period. E&G Advisors LP’s holdings in Duke Energy were worth $634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle West Asset Management Inc. lifted its stake in shares of Duke Energy by 2.1% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 90 shares during the last quarter. Chicago Capital LLC lifted its position in shares of Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares during the last quarter. Sachetta LLC grew its holdings in shares of Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 96 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in Duke Energy by 1.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after buying an additional 98 shares during the period. Finally, Waddell & Associates LLC boosted its position in Duke Energy by 2.7% in the 2nd quarter. Waddell & Associates LLC now owns 3,753 shares of the utilities provider’s stock valued at $376,000 after buying an additional 99 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.1 %

NYSE DUK opened at $120.76 on Friday. The firm has a market cap of $93.20 billion, a PE ratio of 30.34, a price-to-earnings-growth 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 quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The company has a 50 day moving average price of $115.00 and a 200 day moving average price of $106.74.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.46%. Duke Energy’s dividend payout ratio (DPR) is currently 105.03%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. The Goldman Sachs Group lifted their target price on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company raised their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. KeyCorp upped their price objective on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, September 30th. Finally, Scotiabank raised their target price on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were 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 in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

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.