Field & Main Bank Sells 110 Shares of Duke Energy Co. (NYSE:DUK)

Field & Main Bank lowered its stake in Duke Energy Co. (NYSE:DUK) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,235 shares of the utilities provider’s stock after selling 110 shares during the quarter. Field & Main Bank’s holdings in Duke Energy were worth $316,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. bought a new stake in shares of Duke Energy in the 2nd quarter valued at $29,000. Atlas Private Wealth Advisors grew its position in Duke Energy by 47.2% in the 2nd quarter. Atlas Private Wealth Advisors now owns 315 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 101 shares during the period. Vigilant Capital Management LLC grew its position in Duke Energy by 97.6% in the 3rd quarter. Vigilant Capital Management LLC now owns 332 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 164 shares during the period. Mascoma Wealth Management LLC acquired a new stake in Duke Energy in the 3rd quarter valued at $35,000. Finally, Howe & Rusling Inc. grew its position in Duke Energy by 130.0% in the 2nd quarter. Howe & Rusling Inc. now owns 368 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 208 shares during the period. Institutional investors own 62.56% of the company’s stock.

In other news, COO Dhiaa M. Jamil sold 400 shares of Duke Energy stock in a transaction on Wednesday, November 17th. The stock was sold at an average price of $98.71, for a total transaction of $39,484.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

Several analysts recently issued reports on the stock. Vertical Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. Royal Bank of Canada downgraded shares of Duke Energy from an “outperform” rating to a “sector perform” rating and lifted their price target for the company from $107.10 to $109.00 in a research report on Friday, August 20th. They noted that the move was a valuation call. Mizuho reduced their price target on shares of Duke Energy from $109.00 to $102.00 and set a “neutral” rating for the company in a research report on Tuesday, October 5th. Morgan Stanley cut their price objective on shares of Duke Energy from $108.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, BMO Capital Markets cut their price objective on shares of Duke Energy from $112.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, October 4th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $104.42.

Shares of NYSE DUK traded down $0.56 during mid-day trading on Thursday, reaching $100.18. 2,236,778 shares of the company’s stock were exchanged, compared to its average volume of 3,023,673. The firm has a market capitalization of $77.07 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.57 and a beta of 0.30. Duke Energy Co. has a 52 week low of $85.56 and a 52 week high of $108.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.61 and a quick ratio of 0.42. The firm has a 50-day moving average price of $100.52 and a two-hundred day moving average price of $102.24.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 4th. The utilities provider reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.80 by $0.08. The company had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $7.46 billion. Duke Energy had a return on equity of 8.69% and a net margin of 12.58%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.87 EPS. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.22 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 16th. Stockholders of record on Friday, November 12th will be paid a dividend of $0.985 per share. This represents a $3.94 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, November 10th. Duke Energy’s payout ratio is 101.55%.

About Duke Energy

Duke Energy Corp. engages in the 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 in Duke Energy’s regulated electric utilities in the Carolinas, Florida and the Midwest.

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

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