The Duke Energy Corp. (DUK) Shares Sold by Carnegie Capital Asset Management LLC

The Duke Energy Corp. (DUK) Shares Sold by Carnegie Capital Asset Management LLC

Carnegie Capital Asset Management LLC reduced its position in shares of Duke Energy Corp. (NYSE:DUK) by 1.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 13,728 shares of the company’s stock after selling 249 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Duke Energy Corp. were worth $1,064,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in DUK. Van Hulzen Asset Management LLC boosted its stake in shares of Duke Energy Corp. by 2.4% in the third quarter. Van Hulzen Asset Management LLC now owns 1,262 shares of the company’s stock worth $101,000 after buying an additional 29 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Duke Energy Corp. by 14.3% in the second quarter. Sunbelt Securities Inc. now owns 1,523 shares of the company’s stock worth $131,000 after buying an additional 190 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Duke Energy Corp. during the third quarter worth about $149,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Duke Energy Corp. by 11.4% in the third quarter. Mark Sheptoff Financial Planning LLC now owns 1,960 shares of the company’s stock worth $157,000 after buying an additional 200 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Duke Energy Corp. by 69.3% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,116 shares of the company’s stock worth $169,000 after buying an additional 866 shares during the period. 55.97% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Corp. (NYSE:DUK) traded down 0.49% during trading on Thursday, reaching $77.12. The company’s stock had a trading volume of 2,575,474 shares. Duke Energy Corp. has a 52 week low of $70.35 and a 52 week high of $87.75. The firm has a market capitalization of $53.13 billion, a P/E ratio of 18.66 and a beta of 0.11. The firm has a 50-day moving average price of $76.43 and a 200-day moving average price of $79.50.

Duke Energy Corp. (NYSE:DUK) last issued its earnings results on Friday, November 4th. The company reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.58 by $0.10. Duke Energy Corp. had a return on equity of 8.20% and a net margin of 12.27%. The company earned $6.43 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. Duke Energy Corp.’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Duke Energy Corp. will post $4.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Friday, February 17th will be paid a $0.855 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $3.42 dividend on an annualized basis and a yield of 4.43%. Duke Energy Corp.’s payout ratio is currently 82.61%.

A number of analysts have weighed in on the company. Howard Weil decreased their price objective on Duke Energy Corp. from $88.00 to $83.00 and set a “sector perform” rating for the company in a research report on Monday, November 7th. Vetr raised Duke Energy Corp. from a “sell” rating to a “hold” rating and set a $76.67 price objective for the company in a research report on Monday, January 2nd. JPMorgan Chase & Co. cut Duke Energy Corp. from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $79.00 to $77.00 in a research report on Friday, December 16th. SunTrust Banks Inc. increased their price objective on Duke Energy Corp. from $82.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, September 26th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $83.00 price objective (down from $88.00) on shares of Duke Energy Corp. in a research report on Monday, November 7th. Four equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $78.97.

In related news, Director John H. Forsgren bought 1,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was bought at an average cost of $77.80 per share, for a total transaction of $77,800.00. Following the completion of the purchase, the director now directly owns 1,165 shares in the company, valued at approximately $90,637. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Frank H. Yoho bought 14,850 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was bought at an average price of $74.00 per share, with a total value of $1,098,900.00. Following the completion of the purchase, the executive vice president now owns 23,687 shares of the company’s stock, valued at $1,752,838. The disclosure for this purchase can be found here. Insiders own 0.08% of the company’s stock.

About Duke Energy Corp.

Duke Energy Corporation (Duke Energy) is an energy company. The Company’s segments include Regulated Utilities, International Energy and Commercial Portfolio. Duke Energy’s subsidiaries include its subsidiary registrants: Duke Energy Carolinas, LLC (Duke Energy Carolinas); Progress Energy, Inc (Progress Energy); Duke Energy Progress, LLC (Duke Energy Progress); Duke Energy Florida, LLC (Duke Energy Florida); Duke Energy Ohio, Inc (Duke Energy Ohio), and Duke Energy Indiana, Inc (Duke Energy Indiana).

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