Duke Energy Corp (DUK) Shares Sold by Catawba Capital Management VA

Catawba Capital Management VA trimmed its position in shares of Duke Energy Corp (NYSE:DUK) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,917 shares of the utilities provider’s stock after selling 3,100 shares during the quarter. Duke Energy makes up about 1.2% of Catawba Capital Management VA’s investment portfolio, making the stock its 26th biggest position. Catawba Capital Management VA’s holdings in Duke Energy were worth $5,124,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DUK. Nelson Roberts Investment Advisors LLC bought a new stake in Duke Energy during the third quarter worth about $112,000. Wealthcare Advisory Partners LLC bought a new stake in Duke Energy during the third quarter worth about $131,000. Acropolis Investment Management LLC bought a new stake in Duke Energy during the fourth quarter worth about $131,000. AllSquare Wealth Management LLC bought a new stake in Duke Energy during the third quarter worth about $155,000. Finally, Westwood Holdings Group Inc. bought a new stake in Duke Energy during the second quarter worth about $181,000. 57.26% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.07% of the stock is owned by corporate insiders.

Several analysts have weighed in on DUK shares. SunTrust Banks reaffirmed a “hold” rating and set a $87.00 price objective on shares of Duke Energy in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Citigroup upped their price objective on shares of Duke Energy from $74.00 to $77.00 and gave the stock a “sell” rating in a research note on Tuesday, October 17th. Finally, Bank of America reaffirmed a “neutral” rating and set a $92.00 price objective on shares of Duke Energy in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $87.19.

Duke Energy Corp (NYSE:DUK) traded down $1.07 on Friday, hitting $77.34. 4,757,500 shares of the stock traded hands, compared to its average volume of 3,523,825. Duke Energy Corp has a twelve month low of $76.28 and a twelve month high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. The company has a market capitalization of $53,770.00, a PE ratio of 20.30, a P/E/G ratio of 4.06 and a beta of 0.26.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.56 by $0.03. Duke Energy had a net margin of 9.09% and a return on equity of 7.54%. The business had revenue of $6.48 billion for the quarter, compared to analysts’ expectations of $7.43 billion. During the same period in the prior year, the firm earned $1.68 earnings per share. Duke Energy’s revenue was down 1.4% compared to the same quarter last year. sell-side analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.89 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.56 annualized dividend and a dividend yield of 4.60%. Duke Energy’s dividend payout ratio (DPR) is currently 93.44%.

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Duke Energy Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

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

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