Massmutual Trust Co. FSB ADV Buys 240 Shares of Duke Energy Co. (NYSE:DUK)

Massmutual Trust Co. FSB ADV increased its stake in shares of Duke Energy Co. (NYSE:DUK) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,784 shares of the utilities provider’s stock after acquiring an additional 240 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Duke Energy were worth $2,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in DUK. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy in the 1st quarter worth approximately $25,000. Fortitude Family Office LLC lifted its stake in shares of Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 119 shares during the period. Riverview Trust Co purchased a new position in Duke Energy during the first quarter valued at $30,000. Olistico Wealth LLC bought a new stake in shares of Duke Energy in the 2nd quarter worth $30,000. Finally, Cedar Wealth Management LLC increased its holdings in shares of Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 169 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Duke Energy Trading Down 0.8 %

Shares of NYSE:DUK opened at $115.76 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $89.34 billion, a PE ratio of 29.09, a P/E/G ratio of 3.22 and a beta of 0.46. Duke Energy Co. has a 12-month low of $83.06 and a 12-month high of $118.31. The business’s fifty day simple moving average is $114.16 and its 200-day simple moving average is $105.16.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. As a group, equities research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were issued a dividend of $1.045 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. The ex-dividend date was Friday, August 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.61%. Duke Energy’s dividend payout ratio is presently 105.03%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. KeyCorp lifted their price objective on Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday. Evercore ISI boosted their price objective on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company increased their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price target on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Bank of America raised their price objective on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.21.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.