First Dallas Securities Inc. Sells 1,041 Shares of Duke Energy Corporation $DUK

First Dallas Securities Inc. lessened its stake in Duke Energy Corporation (NYSE:DUK) by 10.3% in the second quarter, HoldingsChannel reports. The firm owned 9,018 shares of the utilities provider’s stock after selling 1,041 shares during the period. First Dallas Securities Inc.’s holdings in Duke Energy were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management lifted its holdings in Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 105 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Duke Energy in the 1st quarter worth approximately $27,000. Legacy Investment Solutions LLC purchased a new position in shares of Duke Energy in the second quarter worth approximately $28,000. Mascoma Wealth Management LLC grew its position in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after buying an additional 87 shares during the period. Finally, Financial Network Wealth Advisors LLC increased its holdings 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 valued at $31,000 after buying an additional 198 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

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

Duke Energy Trading Down 0.3%

DUK stock opened at $123.64 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03. The business has a 50 day simple moving average of $123.97 and a two-hundred day simple moving average of $120.82. The company has a market capitalization of $96.15 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 3.05 and a beta of 0.45.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 earnings per share. Research analysts anticipate that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s payout ratio is 66.98%.

Analyst Ratings Changes

DUK has been the topic of several analyst reports. Royal Bank Of Canada upgraded shares of Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Evercore ISI began coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price on the stock. Jefferies Financial Group boosted their price target on Duke Energy from $134.00 to $138.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Duke Energy in a research report on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.