Pitcairn Co. Has $707,000 Holdings in Duke Energy Corporation $DUK

Pitcairn Co. cut its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 55.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,995 shares of the utilities provider’s stock after selling 7,352 shares during the period. Pitcairn Co.’s holdings in Duke Energy were worth $707,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in shares of Duke Energy by 10.9% in the second quarter. Geneos Wealth Management Inc. now owns 53,809 shares of the utilities provider’s stock valued at $6,349,000 after buying an additional 5,291 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Duke Energy during the 2nd quarter worth about $257,000. Rexford Capital Inc. acquired a new stake in Duke Energy in the 2nd quarter valued at about $277,000. Goodman Advisory Group LLC acquired a new position in shares of Duke Energy during the second quarter worth approximately $158,000. Finally, Parr Mcknight Wealth Management Group LLC lifted its position in shares of Duke Energy by 0.9% during the second quarter. Parr Mcknight Wealth Management Group LLC now owns 19,244 shares of the utilities provider’s stock worth $2,271,000 after purchasing an additional 164 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 1.3%

DUK opened at $116.76 on Tuesday. The firm’s fifty day moving average is $123.21 and its two-hundred day moving average is $121.24. The firm has a market cap of $90.80 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.62 EPS. Equities research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. This represents a $4.26 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, November 14th. Duke Energy’s payout ratio is 66.98%.

Insider Transactions at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the sale, the executive vice president directly owned 11,367 shares of the company’s stock, valued at approximately $1,407,234.60. This represents a 41.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DUK. Evercore ISI started coverage on shares of Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective for the company. UBS Group upped their price target on Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group raised their price target on Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a report on Thursday, November 13th. Royal Bank Of Canada raised Duke Energy to a “hold” rating in a report on Tuesday, October 28th. Finally, BMO Capital Markets reduced their target price on shares of Duke Energy from $138.00 to $136.00 in a research note on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $137.06.

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.