Transcend Wealth Collective LLC Sells 99 Shares of Duke Energy Co. (NYSE:DUK)

Transcend Wealth Collective LLC cut its position in shares of Duke Energy Co. (NYSE:DUK) by 1.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,115 shares of the utilities provider’s stock after selling 99 shares during the period. Transcend Wealth Collective LLC’s holdings in Duke Energy were worth $495,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Greenhouse Wealth Management LLC acquired a new position in Duke Energy in the 4th quarter valued at about $25,000. Defined Wealth Management LLC acquired a new position in shares of Duke Energy during the 4th quarter worth approximately $26,000. Joseph P. Lucia & Associates LLC lifted its holdings in shares of Duke Energy by 166.0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 266 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 166 shares during the period. St. Johns Investment Management Company LLC lifted its holdings in shares of Duke Energy by 54.7% during the 4th quarter. St. Johns Investment Management Company LLC now owns 311 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 110 shares during the period. Finally, Brand Asset Management Group Inc. lifted its holdings in shares of Duke Energy by 85.3% during the 1st quarter. Brand Asset Management Group Inc. now owns 289 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 133 shares during the period. Institutional investors own 62.75% of the company’s stock.

Duke Energy stock opened at $101.71 on Friday. Duke Energy Co. has a 1-year low of $77.58 and a 1-year high of $108.00. The company has a market capitalization of $78.24 billion, a price-to-earnings ratio of 58.45, a price-to-earnings-growth ratio of 3.77 and a beta of 0.25. The firm has a fifty day simple moving average of $100.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.31.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Sunday, May 9th. The utilities provider reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.02. Duke Energy had a net margin of 5.95% and a return on equity of 8.68%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.27 billion. During the same period last year, the firm earned $1.14 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 16th. Investors of record on Friday, May 14th will be given a dividend of $0.965 per share. This represents a $3.86 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Thursday, May 13th. Duke Energy’s payout ratio is currently 75.39%.

In other Duke Energy news, EVP Kodwo Ghartey-Tagoe sold 1,645 shares of Duke Energy stock in a transaction dated Thursday, May 20th. The shares were sold at an average price of $101.31, for a total value of $166,654.95. Following the sale, the executive vice president now owns 11,955 shares of the company’s stock, valued at $1,211,161.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Dhiaa M. Jamil sold 7,000 shares of Duke Energy stock in a transaction dated Wednesday, May 19th. The stock was sold at an average price of $100.18, for a total transaction of $701,260.00. Following the completion of the transaction, the chief operating officer now owns 46,582 shares of the company’s stock, valued at approximately $4,666,584.76. The disclosure for this sale can be found here. Insiders have sold 12,228 shares of company stock worth $1,230,192 over the last three months. 0.11% of the stock is owned by insiders.

Several equities analysts have recently issued reports on DUK shares. Morgan Stanley dropped their price target on shares of Duke Energy from $108.00 to $107.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 18th. Credit Suisse Group raised their price target on shares of Duke Energy from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 14th. Wells Fargo & Company increased their price objective on shares of Duke Energy from $97.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 14th. KeyCorp decreased their price objective on shares of Duke Energy from $106.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, April 21st. Finally, Mizuho raised their price target on shares of Duke Energy from $96.00 to $105.00 and gave the stock a “neutral” rating in a report on Wednesday, May 12th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Duke Energy presently has an average rating of “Hold” and an average price target of $102.73.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.

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

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