Warm Springs Advisors Inc. Sells 414 Shares of Duke Energy Corporation $DUK

Warm Springs Advisors Inc. lessened its position in shares of Duke Energy Corporation (NYSE:DUK) by 15.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,291 shares of the utilities provider’s stock after selling 414 shares during the quarter. Warm Springs Advisors Inc.’s holdings in Duke Energy were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Activest Wealth Management increased its holdings in Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after buying an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Duke Energy in the first quarter valued at about $27,000. Mascoma Wealth Management LLC raised its position in Duke Energy by 53.7% in the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares in the last quarter. Financial Network Wealth Advisors LLC lifted its stake in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 198 shares during the period. Finally, Access Investment Management LLC acquired a new stake in Duke Energy during the second quarter valued at approximately $31,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Price Performance

DUK opened at $124.05 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The stock has a market capitalization of $96.46 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45. The company’s 50 day simple moving average is $123.95 and its 200-day simple moving average is $120.82. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03.

Duke Energy (NYSE:DUK) last announced 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 firm had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.62 EPS. Sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be given a dividend of $1.065 per share. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. Duke Energy’s dividend payout ratio is presently 69.27%.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $124.26, for a total value of $832,542.00. Following the transaction, the executive vice president directly owned 46,422 shares of the company’s stock, valued at approximately $5,768,397.72. This trade represents a 12.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bonnie B. Titone sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the sale, the senior vice president owned 19,608 shares of the company’s stock, valued at $2,438,843.04. The trade was a 9.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on DUK shares. Royal Bank Of Canada raised Duke Energy to a “hold” rating in a report on Tuesday, October 28th. Barclays lifted their price objective on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, October 14th. TD Cowen initiated coverage on shares of Duke Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $143.00 target price on the stock. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Duke Energy 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.