Signal Advisors Wealth LLC Sells 4,567 Shares of Duke Energy Corporation $DUK

Signal Advisors Wealth LLC lessened its stake in Duke Energy Corporation (NYSE:DUKFree Report) by 59.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,168 shares of the utilities provider’s stock after selling 4,567 shares during the period. Signal Advisors Wealth LLC’s holdings in Duke Energy were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Financial Group LLC lifted its holdings in Duke Energy by 7.8% in the third quarter. Fiduciary Financial Group LLC now owns 3,309 shares of the utilities provider’s stock valued at $409,000 after acquiring an additional 239 shares during the period. CGN Advisors LLC increased its position in shares of Duke Energy by 0.8% during the 3rd quarter. CGN Advisors LLC now owns 26,853 shares of the utilities provider’s stock valued at $3,323,000 after purchasing an additional 204 shares during the last quarter. Meadowbrook Wealth Management LLC bought a new position in shares of Duke Energy in the 3rd quarter worth approximately $342,000. L. Roy Papp & Associates LLP boosted its holdings in shares of Duke Energy by 11.2% in the third quarter. L. Roy Papp & Associates LLP now owns 2,490 shares of the utilities provider’s stock worth $308,000 after buying an additional 250 shares during the last quarter. Finally, IVC Wealth Advisors LLC bought a new stake in Duke Energy during the third quarter valued at approximately $210,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy News Roundup

Here are the key news stories impacting Duke Energy this week:

Insider Activity

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the transaction, the executive vice president owned 11,367 shares of the company’s stock, valued at approximately $1,407,234.60. The trade was a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on DUK. Cowen began coverage on shares of Duke Energy in a research report on Wednesday, October 15th. They issued a “buy” rating on the stock. Royal Bank Of Canada raised Duke Energy to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research report on Monday, December 15th. The Goldman Sachs Group upped their price target on Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Finally, TD Cowen initiated coverage on Duke Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $143.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.50.

View Our Latest Stock Report on Duke Energy

Duke Energy Trading Down 1.7%

Shares of DUK stock opened at $115.57 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. The stock has a fifty day simple moving average of $122.49 and a two-hundred day simple moving average of $121.23. The firm has a market capitalization of $89.88 billion, a PE ratio of 18.17, a PEG ratio of 2.66 and a beta of 0.49. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The firm had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.62 earnings per share. On average, analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th were given a dividend of $1.065 per share. The ex-dividend date was Friday, November 14th. This represents a $4.26 annualized dividend and a dividend yield of 3.7%. Duke Energy’s dividend payout ratio (DPR) is presently 66.98%.

Duke Energy Profile

(Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

See Also

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

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