Strategic Wealth Advisors Group LLC Sells 736 Shares of Duke Energy Corp (NYSE:DUK)

Strategic Wealth Advisors Group LLC cut its holdings in shares of Duke Energy Corp (NYSE:DUK) by 3.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 21,198 shares of the utilities provider’s stock after selling 736 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Duke Energy were worth $2,039,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of DUK. Vanguard Group Inc. increased its stake in shares of Duke Energy by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 59,914,178 shares of the utilities provider’s stock worth $5,286,827,000 after purchasing an additional 1,102,963 shares during the last quarter. BlackRock Inc. grew its stake in Duke Energy by 1.8% in the 2nd quarter. BlackRock Inc. now owns 50,433,503 shares of the utilities provider’s stock valued at $4,450,250,000 after buying an additional 888,787 shares during the last quarter. Invesco Ltd. grew its stake in Duke Energy by 43.9% in the 2nd quarter. Invesco Ltd. now owns 11,711,714 shares of the utilities provider’s stock valued at $1,033,443,000 after buying an additional 3,574,870 shares during the last quarter. Northern Trust Corp grew its stake in Duke Energy by 6.1% in the 2nd quarter. Northern Trust Corp now owns 9,852,985 shares of the utilities provider’s stock valued at $869,427,000 after buying an additional 566,287 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Duke Energy by 3.2% in the 2nd quarter. Renaissance Technologies LLC now owns 8,419,329 shares of the utilities provider’s stock valued at $742,922,000 after buying an additional 263,100 shares during the last quarter. 60.32% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Douglas F. Esamann sold 4,430 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $92.44, for a total transaction of $409,509.20. Following the completion of the sale, the executive vice president now owns 64,722 shares of the company’s stock, valued at approximately $5,982,901.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Lloyd M. Yates sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the sale, the executive vice president now directly owns 41,154 shares of the company’s stock, valued at approximately $3,737,194.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,802 shares of company stock valued at $2,443,654. 0.09% of the stock is currently owned by insiders.

Shares of NYSE:DUK traded down $2.74 on Friday, reaching $89.84. 403,667 shares of the company’s stock were exchanged, compared to its average volume of 2,363,271. The company has a fifty day moving average of $95.31 and a 200-day moving average of $90.74. Duke Energy Corp has a twelve month low of $82.46 and a twelve month high of $97.37. The company has a market capitalization of $67.87 billion, a price-to-earnings ratio of 19.08, a PEG ratio of 3.84 and a beta of 0.07. The company has a current ratio of 0.71, a quick ratio of 0.47 and a debt-to-equity ratio of 1.26.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.10. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The company had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Duke Energy Corp will post 4.98 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Thursday, November 14th. Duke Energy’s dividend payout ratio (DPR) is presently 80.08%.

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Citigroup decreased their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. SunTrust Banks set a $96.00 price target on shares of Duke Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Credit Suisse Group upped their price target on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Finally, Morgan Stanley upped their price target on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $95.00.

About Duke Energy

Duke Energy Corp. engages in 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 primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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