Pettyjohn Wood & White Inc. Reduces Position in Duke Energy Corp (NYSE:DUK)

Pettyjohn Wood & White Inc. cut its holdings in shares of Duke Energy Corp (NYSE:DUK) by 1.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,759 shares of the utilities provider’s stock after selling 150 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in Duke Energy were worth $1,319,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Montag A & Associates Inc. increased its position in shares of Duke Energy by 4.5% in the third quarter. Montag A & Associates Inc. now owns 24,016 shares of the utilities provider’s stock worth $2,302,000 after purchasing an additional 1,025 shares during the last quarter. First Trust Advisors LP increased its position in shares of Duke Energy by 11.9% in the third quarter. First Trust Advisors LP now owns 1,515,339 shares of the utilities provider’s stock worth $145,260,000 after purchasing an additional 160,990 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Duke Energy by 17.3% in the third quarter. Daiwa Securities Group Inc. now owns 33,109 shares of the utilities provider’s stock worth $3,174,000 after purchasing an additional 4,874 shares during the last quarter. Donaldson Capital Management LLC increased its position in shares of Duke Energy by 19.0% in the third quarter. Donaldson Capital Management LLC now owns 11,077 shares of the utilities provider’s stock worth $1,062,000 after purchasing an additional 1,767 shares during the last quarter. Finally, First National Bank of Omaha increased its position in shares of Duke Energy by 0.7% in the third quarter. First National Bank of Omaha now owns 54,145 shares of the utilities provider’s stock worth $5,190,000 after purchasing an additional 389 shares during the last quarter. 60.32% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Douglas F. Esamann sold 4,430 shares of the firm’s stock in a transaction 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 directly owns 64,722 shares in the company, valued at $5,982,901.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dwight L. Jacobs sold 1,700 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $91.05, for a total value of $154,785.00. Following the transaction, the senior vice president now owns 4,891 shares of the company’s stock, valued at $445,325.55. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,802 shares of company stock valued at $2,443,654. 0.09% of the stock is owned by corporate insiders.

A number of research analysts have commented on DUK shares. Credit Suisse Group increased their price target on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. SunTrust Banks set a $96.00 price objective on Duke Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. increased their price objective on Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Morgan Stanley increased their price objective on Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Finally, Citigroup dropped their price objective on Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Duke Energy presently has a consensus rating of “Hold” and an average price target of $95.00.

DUK stock traded down $2.63 on Friday, reaching $89.95. The company’s stock had a trading volume of 6,146,212 shares, compared to its average volume of 3,026,935. The business has a fifty day simple moving average of $95.31 and a two-hundred day simple moving average of $90.74. Duke Energy Corp has a 12-month low of $82.46 and a 12-month high of $97.37. The firm has a market cap of $67.87 billion, a PE ratio of 19.06, a PEG ratio of 3.84 and a beta of 0.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.47 and a current ratio of 0.71.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.10. Duke Energy had a return on equity of 8.02% and a net margin of 13.23%. The company had revenue of $6.94 billion during the quarter, compared to analyst estimates of $7.24 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, research analysts anticipate that Duke Energy Corp will post 4.98 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Thursday, November 14th. Duke Energy’s payout ratio is 80.08%.

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

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