Prospera Financial Services Inc Lowers Stock Holdings in Duke Energy Corp (NYSE:DUK)

Prospera Financial Services Inc trimmed its position in Duke Energy Corp (NYSE:DUK) by 23.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,610 shares of the utilities provider’s stock after selling 5,619 shares during the quarter. Prospera Financial Services Inc’s holdings in Duke Energy were worth $1,602,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its position in shares of Duke Energy by 66.6% in the second quarter. CWM LLC now owns 168,361 shares of the utilities provider’s stock worth $14,856,000 after purchasing an additional 67,306 shares during the last quarter. Capital Financial Planning LLC increased its position in shares of Duke Energy by 869.5% in the second quarter. Capital Financial Planning LLC now owns 3,277 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 2,939 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Duke Energy by 0.5% in the second quarter. Janney Montgomery Scott LLC now owns 287,050 shares of the utilities provider’s stock worth $25,329,000 after purchasing an additional 1,535 shares during the last quarter. Redwood Investment Management LLC bought a new position in shares of Duke Energy in the first quarter worth approximately $274,000. Finally, First Heartland Consultants Inc. increased its position in shares of Duke Energy by 8.7% in the second quarter. First Heartland Consultants Inc. now owns 4,588 shares of the utilities provider’s stock worth $405,000 after purchasing an additional 369 shares during the last quarter.

NYSE DUK traded down $0.77 on Monday, reaching $93.13. 253,796 shares of the company’s stock traded hands, compared to its average volume of 2,517,482. Duke Energy Corp has a 12 month low of $78.00 and a 12 month high of $95.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.47. The stock has a 50-day simple moving average of $90.49 and a 200 day simple moving average of $89.31. The stock has a market cap of $67.93 billion, a PE ratio of 19.73, a P/E/G ratio of 3.91 and a beta of 0.09.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the business earned $0.93 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, analysts anticipate that Duke Energy Corp will post 4.99 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 16th will be issued a $0.945 dividend. This is a boost from Duke Energy’s previous quarterly dividend of $0.93. The ex-dividend date is Thursday, August 15th. This represents a $3.78 annualized dividend and a dividend yield of 4.06%. Duke Energy’s dividend payout ratio (DPR) is currently 80.08%.

In other news, EVP Lloyd M. Yates sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $90.81, for a total value of $1,816,200.00. Following the transaction, the executive vice president now owns 41,154 shares in the company, valued at $3,737,194.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Douglas F. Esamann sold 4,430 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $92.44, for a total transaction of $409,509.20. Following the completion of the transaction, the executive vice president now owns 64,722 shares in the company, valued at approximately $5,982,901.68. The disclosure for this sale can be found here. Insiders sold 26,362 shares of company stock worth $2,401,576 in the last 90 days. Company insiders own 0.09% of the company’s stock.

A number of research analysts have commented on DUK shares. Morgan Stanley reduced their price target on shares of Duke Energy from $99.00 to $92.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 8th. Citigroup reduced their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. ValuEngine cut shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. KeyCorp started coverage on shares of Duke Energy in a research report on Tuesday, June 4th. They set a “sector weight” rating on the stock. Finally, Zacks Investment Research cut shares of Duke Energy from a “hold” rating to a “sell” rating and set a $95.00 price target on the stock. in a research report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Duke Energy currently has an average rating of “Hold” and an average price target of $92.44.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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