MGO One Seven LLC Sells 2,230 Shares of Duke Energy Co. (NYSE:DUK)

MGO One Seven LLC cut its stake in Duke Energy Co. (NYSE:DUK) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,933 shares of the utilities provider’s stock after selling 2,230 shares during the period. MGO One Seven LLC’s holdings in Duke Energy were worth $2,614,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DUK. Altshuler Shaham Ltd bought a new position in Duke Energy in the 4th quarter valued at $26,000. Private Wealth Management Group LLC bought a new stake in Duke Energy during the 4th quarter worth about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Duke Energy during the 4th quarter valued at about $31,000. EdgeRock Capital LLC bought a new position in shares of Duke Energy in the 4th quarter valued at about $40,000. Finally, Missouri Trust & Investment Co grew its position in shares of Duke Energy by 59.1% during the 4th quarter. Missouri Trust & Investment Co now owns 471 shares of the utilities provider’s stock worth $46,000 after buying an additional 175 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.6 %

NYSE DUK traded down $0.66 during trading on Tuesday, hitting $101.86. The stock had a trading volume of 160,975 shares, compared to its average volume of 2,955,148. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $104.87. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.50 and a current ratio of 0.78. The company’s 50-day moving average price is $99.94 and its two-hundred day moving average price is $96.70. The company has a market capitalization of $78.61 billion, a PE ratio of 25.76, a P/E/G ratio of 2.82 and a beta of 0.45.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, May 7th. The utilities provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.39 by $0.05. Duke Energy had a net margin of 10.78% and a return on equity of 9.25%. The business had revenue of $7.67 billion during the quarter, compared to analysts’ expectations of $7.31 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 17th will be given a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, May 16th. Duke Energy’s dividend payout ratio (DPR) is currently 103.02%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays raised their price objective on shares of Duke Energy from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Scotiabank dropped their price objective on Duke Energy from $101.00 to $94.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. KeyCorp raised their target price on Duke Energy from $107.00 to $112.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Bank of America increased their price target on shares of Duke Energy from $96.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Mizuho upped their target price on shares of Duke Energy from $89.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.75.

Insider Activity

In related news, CEO Lynn J. Good sold 15,000 shares of Duke Energy stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total transaction of $1,549,500.00. Following the completion of the transaction, the chief executive officer now owns 437,464 shares in the company, valued at $45,190,031.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director E Marie Mckee sold 1,695 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $102.31, for a total transaction of $173,415.45. Following the completion of the sale, the director now owns 4 shares in the company, valued at $409.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lynn J. Good sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $103.30, for a total value of $1,549,500.00. Following the transaction, the chief executive officer now owns 437,464 shares in the company, valued at approximately $45,190,031.20. The disclosure for this sale can be found here. Insiders sold a total of 26,695 shares of company stock valued at $2,750,815 in the last quarter. Company insiders own 0.14% of the company’s stock.

Duke Energy Company 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.