Atlantic Union Bankshares Corp Sells 3,881 Shares of Duke Energy Co. (NYSE:DUK)

Financial News Live · Jan 2, 2023 13:21

Atlantic Union Bankshares Corp decreased its stake in shares of Duke Energy Co. (NYSE:DUK – Get Rating) by 8.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,511 shares of the utilities provider's stock after selling 3,881 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Duke Energy were worth $3,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Balasa Dinverno & Foltz LLC lifted its holdings in Duke Energy by 18.2% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 8,252 shares of the utilities provider's stock valued at $768,000 after buying an additional 1,271 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in Duke Energy by 54.1% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 484 shares of the utilities provider's stock valued at $45,000 after buying an additional 170 shares in the last quarter. Texas Permanent School Fund lifted its holdings in Duke Energy by 7.1% during the 3rd quarter. Texas Permanent School Fund now owns 108,946 shares of the utilities provider's stock valued at $10,134,000 after buying an additional 7,254 shares in the last quarter. Raymond James & Associates lifted its holdings in Duke Energy by 2.4% during the 3rd quarter. Raymond James & Associates now owns 1,493,835 shares of the utilities provider's stock valued at $138,957,000 after buying an additional 34,432 shares in the last quarter. Finally, Stableford Capital II LLC lifted its holdings in Duke Energy by 6.6% during the 3rd quarter. Stableford Capital II LLC now owns 9,034 shares of the utilities provider's stock valued at $799,000 after buying an additional 556 shares in the last quarter. Institutional investors own 63.22% of the company's stock.

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Duke Energy Stock Down 0.8 %

Shares of Duke Energy stock traded down $0.85 on Monday, reaching $102.99. The stock had a trading volume of 82,062 shares, compared to its average volume of 2,928,480. The company has a 50 day moving average price of $97.97 and a 200 day moving average price of $101.87. The company has a quick ratio of 0.56, a current ratio of 0.77 and a debt-to-equity ratio of 1.32. Duke Energy Co. has a 1 year low of $83.76 and a 1 year high of $116.33. The stock has a market capitalization of $79.31 billion, a P/E ratio of 20.76, a P/E/G ratio of 3.57 and a beta of 0.39.

Duke Energy (NYSE:DUK – Get Rating) last released its earnings results on Thursday, November 3rd. The utilities provider reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.83 by ($0.05). The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $7.45 billion. Duke Energy had a return on equity of 8.24% and a net margin of 14.03%. The firm's revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the business earned $1.88 earnings per share. As a group, equities research analysts forecast that Duke Energy Co. will post 5.29 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 16th. Investors of record on Friday, November 18th were paid a $1.005 dividend. This represents a $4.02 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend was Thursday, November 17th. Duke Energy's dividend payout ratio (DPR) is presently 81.05%.

Insider Buying and Selling

In related news, EVP Steven K. Young sold 415 shares of Duke Energy stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $93.57, for a total value of $38,831.55. Following the completion of the sale, the executive vice president now directly owns 112,412 shares in the company, valued at approximately $10,518,390.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of research reports. Seaport Res Ptn downgraded shares of Duke Energy from a "neutral" rating to a "sell" rating in a research report on Monday, November 21st. Mizuho raised their target price on shares of Duke Energy from $100.00 to $102.00 and gave the company a "neutral" rating in a research report on Friday, December 9th. Wells Fargo & Company raised their target price on shares of Duke Energy from $99.00 to $111.00 in a research report on Wednesday, December 14th. Credit Suisse Group cut their target price on shares of Duke Energy from $114.00 to $94.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 12th. Finally, Morgan Stanley raised their target price on shares of Duke Energy from $106.00 to $110.00 and gave the company an "equal weight" rating in a research report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Duke Energy presently has a consensus rating of "Hold" and an average target price of $106.82.

Duke Energy Company Profile

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Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable generation, and nuclear fuel to generate electricity.