Raab & Moskowitz Asset Management LLC Has $322,000 Position in Duke Energy Co. (NYSE:DUK)

Raab & Moskowitz Asset Management LLC increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,794 shares of the utilities provider’s stock after purchasing an additional 307 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Duke Energy were worth $322,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DUK. Pathway Financial Advisers LLC lifted its holdings in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Duke Energy by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares during the last quarter. Swiss National Bank grew its position in Duke Energy by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after purchasing an additional 6,500 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Duke Energy by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock valued at $182,101,000 after buying an additional 240,136 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $112.10 on Monday. The firm has a market cap of $86.60 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.99 and a beta of 0.47. The company’s 50-day moving average price is $114.93 and its two-hundred day moving average price is $110.64. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the company earned $1.94 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. On average, equities analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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 issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.73%. Duke Energy’s dividend payout ratio is 76.84%.

Analyst Ratings Changes

DUK has been the topic of several research reports. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets raised their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.69.

Duke Energy 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.