Guardian Capital Advisors LP Sells 1,145 Shares of Duke Energy Co. (NYSE:DUK)

Guardian Capital Advisors LP lessened its position in shares of Duke Energy Co. (NYSE:DUKFree Report) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,965 shares of the utilities provider’s stock after selling 1,145 shares during the quarter. Duke Energy comprises about 1.3% of Guardian Capital Advisors LP’s investment portfolio, making the stock its 23rd largest position. Guardian Capital Advisors LP’s holdings in Duke Energy were worth $12,321,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in shares of Duke Energy during the 4th quarter worth approximately $26,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Duke Energy during the 4th quarter worth $31,000. EdgeRock Capital LLC bought a new stake in shares of Duke Energy during the 4th quarter valued at $40,000. Fortis Group Advisors LLC bought a new position in shares of Duke Energy in the 3rd quarter worth $50,000. Finally, Northwest Financial Advisors bought a new stake in Duke Energy in the fourth quarter valued at about $62,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.6 %

Shares of NYSE:DUK traded down $0.59 during midday trading on Tuesday, reaching $102.30. The company had a trading volume of 2,168,163 shares, compared to its average volume of 3,014,273. The stock has a market cap of $78.95 billion, a PE ratio of 25.72, a P/E/G ratio of 2.74 and a beta of 0.45. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $103.83. The business’s 50 day moving average price is $96.86 and its 200 day moving average price is $94.79. The company has a quick ratio of 0.50, a current ratio of 0.78 and a debt-to-equity ratio of 1.54.

Duke Energy (NYSE:DUKGet Free Report) last issued its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The company had revenue of $7.67 billion for the quarter, compared to analysts’ expectations of $7.31 billion. During the same period in the prior year, the firm earned $1.20 EPS. Duke Energy’s quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a dividend of $1.025 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.10 dividend on an annualized basis and a yield of 4.01%. Duke Energy’s dividend payout ratio (DPR) is 103.02%.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Julia S. Janson sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $102.79, for a total transaction of $1,027,900.00. Following the completion of the sale, the executive vice president now directly owns 68,657 shares in the company, valued at $7,057,253.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Mizuho upped their price target on Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. BMO Capital Markets increased their target price on Duke Energy from $104.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Barclays upped their price target on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Monday, April 15th. Finally, Bank of America boosted their price objective on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Hold” and an average price target of $101.31.

Read Our Latest Research Report on DUK

Duke Energy Company Profile

(Free Report)

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.

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

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