Tompkins Financial Corp Sells 3,569 Shares of Duke Energy Co. (NYSE:DUK)

Tompkins Financial Corp reduced its position in Duke Energy Co. (NYSE:DUK) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,479 shares of the utilities provider’s stock after selling 3,569 shares during the quarter. Tompkins Financial Corp’s holdings in Duke Energy were worth $5,697,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC lifted its position in shares of Duke Energy by 174.2% during the 1st quarter. Northwest Investment Counselors LLC now owns 266 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 169 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Duke Energy during the 1st quarter valued at $28,000. Fairfield Bush & CO. acquired a new position in shares of Duke Energy during the 1st quarter valued at $40,000. Compass Wealth Management LLC acquired a new position in shares of Duke Energy during the 4th quarter valued at $41,000. Finally, Heritage Wealth Management LLC raised its holdings in Duke Energy by 166.7% during the fourth quarter. Heritage Wealth Management LLC now owns 504 shares of the utilities provider’s stock worth $52,000 after buying an additional 315 shares during the last quarter. Institutional investors and hedge funds own 63.68% of the company’s stock.

Duke Energy Price Performance

DUK remained flat at $94.96 during trading on Tuesday. 511,031 shares of the company traded hands, compared to its average volume of 2,975,321. The firm has a market capitalization of $73.19 billion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 2.79 and a beta of 0.43. The firm’s 50 day moving average price is $91.60 and its two-hundred day moving average price is $93.34. The company has a current ratio of 0.75, a quick ratio of 0.52 and a debt-to-equity ratio of 1.42. Duke Energy Co. has a one year low of $83.76 and a one year high of $106.87.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 8th. The utilities provider reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.07). The company had revenue of $6.58 billion for the quarter, compared to the consensus estimate of $6.16 billion. Duke Energy had a net margin of 5.06% and a return on equity of 8.05%. Duke Energy’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS. On average, equities research analysts forecast that Duke Energy Co. will post 5.61 EPS for the current fiscal year.

Duke Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 18th. Investors of record on Friday, August 18th were given a dividend of $1.025 per share. The ex-dividend date was Thursday, August 17th. This represents a $4.10 annualized dividend and a yield of 4.32%. This is a positive change from Duke Energy’s previous quarterly dividend of $1.01. Duke Energy’s dividend payout ratio is presently 229.05%.

Analyst Ratings Changes

Several research firms have weighed in on DUK. JPMorgan Chase & Co. upped their price objective on shares of Duke Energy from $98.00 to $101.00 and gave the stock a “neutral” rating in a report on Thursday, August 17th. Barclays upped their price objective on shares of Duke Energy from $96.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, September 14th. Morgan Stanley lowered their price objective on shares of Duke Energy from $102.00 to $95.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 23rd. The Goldman Sachs Group initiated coverage on shares of Duke Energy in a report on Wednesday, June 7th. They set a “neutral” rating and a $99.00 price objective on the stock. Finally, Guggenheim lowered their target price on shares of Duke Energy from $114.00 to $102.00 in a report on Friday, July 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $99.92.

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.