Glass Jacobson Investment Advisors llc Sells 267 Shares of Duke Energy Co. (NYSE:DUK)

Glass Jacobson Investment Advisors llc lessened its holdings in shares of Duke Energy Co. (NYSE:DUK) by 13.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,661 shares of the utilities provider’s stock after selling 267 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in Duke Energy were worth $166,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of DUK. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Duke Energy by 3.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock valued at $42,084,000 after buying an additional 13,406 shares during the period. Duality Advisers LP lifted its position in Duke Energy by 57.8% in the 1st quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after acquiring an additional 9,917 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Duke Energy by 182.5% in the 4th quarter. Clearbridge Investments LLC now owns 39,014 shares of the utilities provider’s stock worth $3,786,000 after purchasing an additional 25,203 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Duke Energy by 63.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock valued at $4,324,000 after purchasing an additional 17,420 shares during the period. Finally, Waterloo Capital L.P. bought a new stake in shares of Duke Energy in the fourth quarter valued at about $254,000. 65.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on Duke Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Evercore ISI lifted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company raised their price objective on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Bank of America upped their target price on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $116.36.

Duke Energy Trading Down 0.6 %

Shares of Duke Energy stock opened at $115.14 on Friday. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $118.31. The company has a market capitalization of $88.86 billion, a price-to-earnings ratio of 28.93, a P/E/G ratio of 3.19 and a beta of 0.47. The business has a fifty day simple moving average of $112.33 and a two-hundred day simple moving average of $103.66. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 EPS. Research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.63%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, August 16th. Duke Energy’s dividend payout ratio is currently 105.03%.

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.