Procyon Advisors LLC Has $1.14 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Procyon Advisors LLC decreased its position in Duke Energy Co. (NYSE:DUK) by 15.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,863 shares of the utilities provider’s stock after selling 1,827 shares during the period. Procyon Advisors LLC’s holdings in Duke Energy were worth $1,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DUK. Northwest Investment Counselors LLC acquired a new position in Duke Energy in the 1st quarter valued at approximately $25,000. Fortitude Family Office LLC raised its holdings in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares in the last quarter. Riverview Trust Co acquired a new position in Duke Energy in the 1st quarter valued at approximately $30,000. Olistico Wealth LLC acquired a new position in Duke Energy in the 2nd quarter valued at approximately $30,000. Finally, Cedar Wealth Management LLC raised its holdings in shares of Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after buying an additional 169 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. BMO Capital Markets increased their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. KeyCorp increased their target price on Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Scotiabank increased their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. increased their price target on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $120.15.

Insider Activity

In other news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Duke Energy Stock Up 0.8 %

Shares of DUK opened at $115.14 on Tuesday. The firm has a market capitalization of $88.86 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 3.06 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The business’s fifty day moving average price is $114.46 and its two-hundred day moving average price is $106.16. Duke Energy Co. has a 52 week low of $85.79 and a 52 week high of $118.31.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. On average, analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 105.03%.

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.