Hayek Kallen Investment Management Has $941,000 Position in Duke Energy Co. (NYSE:DUK)

Hayek Kallen Investment Management cut its holdings in Duke Energy Co. (NYSE:DUKFree Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,696 shares of the utilities provider’s stock after selling 221 shares during the quarter. Hayek Kallen Investment Management’s holdings in Duke Energy were worth $941,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DUK. Altshuler Shaham Ltd bought a new stake in Duke Energy during the fourth quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new stake in shares of Duke Energy during the 4th quarter worth $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Duke Energy in the 4th quarter valued at $31,000. EdgeRock Capital LLC acquired a new position in Duke Energy during the 4th quarter worth $40,000. Finally, Fortis Group Advisors LLC bought a new stake in Duke Energy during the third quarter valued at about $50,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

Shares of DUK traded up $1.05 during trading hours on Friday, hitting $103.89. The stock had a trading volume of 3,694,076 shares, compared to its average volume of 3,095,000. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $103.93. The stock has a market capitalization of $80.18 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 2.74 and a beta of 0.45. The company’s fifty day moving average is $97.58 and its two-hundred day moving average is $95.12. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.78 and a quick ratio of 0.50.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.05. The firm had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.31 billion. Duke Energy had a return on equity of 9.25% and a net margin of 10.78%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.20 EPS. On average, analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current 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 $1.025 dividend. This represents a $4.10 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s payout ratio is presently 103.02%.

Insiders Place Their Bets

In other news, Director E Marie Mckee sold 1,695 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $102.31, for a total transaction of $173,415.45. Following the sale, the director now directly owns 4 shares of the company’s stock, valued at $409.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Duke Energy news, CEO Lynn J. Good sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the transaction, the chief executive officer now directly owns 437,464 shares in the company, valued at approximately $45,190,031.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director E Marie Mckee sold 1,695 shares of Duke Energy stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the sale, the director now owns 4 shares of the company’s stock, valued at approximately $409.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,695 shares of company stock valued at $2,750,815. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of several research analyst reports. Bank of America upped their target price on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Barclays lifted their target price on Duke Energy from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. BMO Capital Markets lifted their price objective on Duke Energy from $104.00 to $108.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, Scotiabank cut their target price on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a research note on Monday, April 22nd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.31.

View Our Latest Analysis on DUK

Duke Energy 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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