Clearstead Trust LLC Sells 410 Shares of Duke Energy Corporation $DUK

Clearstead Trust LLC lowered its position in Duke Energy Corporation (NYSE:DUK) by 13.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,740 shares of the utilities provider’s stock after selling 410 shares during the period. Clearstead Trust LLC’s holdings in Duke Energy were worth $323,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GQG Partners LLC increased its position in shares of Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after purchasing an additional 10,192,503 shares during the last quarter. Nuveen LLC bought a new stake in Duke Energy during the first quarter valued at approximately $702,351,000. Raymond James Financial Inc. increased its holdings in Duke Energy by 88.1% during the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after buying an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. raised its position in Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after acquiring an additional 1,676,061 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Duke Energy by 359.1% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock worth $138,145,000 after acquiring an additional 885,900 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Buying and Selling

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president owned 19,608 shares in the company, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Duke Energy Stock Performance

NYSE:DUK opened at $123.57 on Friday. The stock has a 50-day moving average price of $124.12 and a 200 day moving average price of $120.91. The stock has a market capitalization of $96.10 billion, a P/E ratio of 20.09, a P/E/G ratio of 3.05 and a beta of 0.45. Duke Energy Corporation has a 12-month low of $105.20 and a 12-month high of $130.03. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same period in the prior year, the company posted $1.62 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s payout ratio is currently 66.98%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DUK. Cowen assumed coverage on Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their price target on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. Jefferies Financial Group increased their target price on shares of Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Wells Fargo & Company raised shares of Duke Energy to a “hold” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

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.