Investors Sell Shares of Duke Energy (DUK) on Strength (DUK)

Investors sold shares of Duke Energy Corp (NYSE:DUK) on strength during trading on Friday. $34.99 million flowed into the stock on the tick-up and $70.10 million flowed out of the stock on the tick-down, for a money net flow of $35.11 million out of the stock. Of all equities tracked, Duke Energy had the 0th highest net out-flow for the day. Duke Energy traded up $0.08 for the day and closed at $80.89

A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Howard Weil started coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 target price for the company. ValuEngine upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Scotiabank started coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They issued a “buy” rating and a $85.00 target price for the company. Finally, Morgan Stanley increased their target price on shares of Duke Energy from $79.00 to $86.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $83.63.

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.66. The stock has a market cap of $57.57 billion, a P/E ratio of 17.70, a PEG ratio of 3.69 and a beta of 0.10.



Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, August 2nd. The utilities provider reported $0.93 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.08). Duke Energy had a net margin of 11.52% and a return on equity of 7.92%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.61 billion. During the same period in the prior year, the company posted $1.01 EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. research analysts expect that Duke Energy Corp will post 4.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 17th will be issued a $0.9275 dividend. The ex-dividend date is Thursday, August 16th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.59%. This is a positive change from Duke Energy’s previous quarterly dividend of $0.89. Duke Energy’s dividend payout ratio is currently 77.90%.

In other Duke Energy news, Director E Marie Mckee sold 2,006 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $77.49, for a total transaction of $155,444.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melissa H. Anderson sold 500 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $81.76, for a total transaction of $40,880.00. Following the transaction, the executive vice president now directly owns 15,096 shares of the company’s stock, valued at approximately $1,234,248.96. The disclosure for this sale can be found here. Insiders sold 6,306 shares of company stock valued at $488,849 in the last three months. 0.07% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. Atwood & Palmer Inc. grew its position in shares of Duke Energy by 434.9% during the first quarter. Atwood & Palmer Inc. now owns 1,348 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,096 shares during the last quarter. Landaas & Co. WI ADV purchased a new position in shares of Duke Energy during the second quarter worth approximately $110,000. Centersquare Investment Management LLC purchased a new position in shares of Duke Energy during the first quarter worth approximately $122,000. Kaizen Advisory LLC grew its position in shares of Duke Energy by 125.8% during the second quarter. Kaizen Advisory LLC now owns 1,540 shares of the utilities provider’s stock worth $122,000 after acquiring an additional 858 shares during the last quarter. Finally, AdvisorNet Financial Inc grew its position in shares of Duke Energy by 137.3% during the second quarter. AdvisorNet Financial Inc now owns 1,732 shares of the utilities provider’s stock worth $137,000 after acquiring an additional 1,002 shares during the last quarter. 59.10% of the stock is owned by institutional investors.

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; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Further Reading: Short Selling – Explanation For Shorting Stocks

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