Duke Energy Corp (DUK) SVP Dwight L. Jacobs Sells 1,700 Shares

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Duke Energy Corp (NYSE:DUK) SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $85.92, for a total value of $146,064.00. Following the completion of the sale, the senior vice president now owns 6,091 shares in the company, valued at $523,338.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

NYSE DUK traded up $0.92 on Friday, reaching $87.16. 307,754 shares of the stock traded hands, compared to its average volume of 2,727,607. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.49 and a current ratio of 0.75. The firm has a market cap of $63.19 billion, a P/E ratio of 18.47, a PEG ratio of 3.62 and a beta of 0.06. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.67.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, May 9th. The utilities provider reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.03. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.39 billion. Duke Energy had a return on equity of 7.70% and a net margin of 12.00%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period last year, the company posted $1.28 EPS. On average, research analysts predict that Duke Energy Corp will post 4.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Thursday, May 16th. Duke Energy’s dividend payout ratio is presently 78.60%.

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Duke Energy from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday. Bank of America lowered Duke Energy from a “neutral” rating to an “underperform” rating in a research note on Monday. ValuEngine lowered Duke Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Credit Suisse Group lowered Duke Energy from an “outperform” rating to a “neutral” rating in a research note on Friday, February 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and a consensus price target of $86.90.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Canton Hathaway LLC bought a new stake in shares of Duke Energy during the 1st quarter worth $25,000. Harvest Group Wealth Management LLC bought a new stake in shares of Duke Energy during the 1st quarter worth $26,000. Riverview Trust Co bought a new stake in shares of Duke Energy during the 1st quarter worth $39,000. Proficio Capital Partners LLC boosted its stake in shares of Duke Energy by 59.0% during the 4th quarter. Proficio Capital Partners LLC now owns 442 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 164 shares in the last quarter. Finally, Glassman Wealth Services boosted its stake in shares of Duke Energy by 35.2% during the 1st quarter. Glassman Wealth Services now owns 449 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 117 shares in the last quarter. 61.10% of the stock is owned by institutional investors and hedge funds.

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About Duke Energy

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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