TD Private Client Wealth LLC Reduces Holdings in Duke Energy Co. (NYSE:DUK)

TD Private Client Wealth LLC lowered its position in Duke Energy Co. (NYSE:DUK) by 23.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,546 shares of the utilities provider’s stock after selling 13,712 shares during the quarter. TD Private Client Wealth LLC’s holdings in Duke Energy were worth $5,251,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DUK. Great Valley Advisor Group Inc. raised its holdings in shares of Duke Energy by 25.0% in the second quarter. Great Valley Advisor Group Inc. now owns 12,646 shares of the utilities provider’s stock worth $1,268,000 after buying an additional 2,532 shares during the period. GPS Wealth Strategies Group LLC increased its stake in Duke Energy by 31.5% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,253 shares of the utilities provider’s stock worth $126,000 after purchasing an additional 300 shares during the period. Cornerstone Wealth Management LLC lifted its position in shares of Duke Energy by 7.1% during the second quarter. Cornerstone Wealth Management LLC now owns 12,760 shares of the utilities provider’s stock worth $1,279,000 after purchasing an additional 842 shares during the last quarter. AdvisorNet Financial Inc boosted its stake in shares of Duke Energy by 30.4% during the second quarter. AdvisorNet Financial Inc now owns 4,822 shares of the utilities provider’s stock valued at $483,000 after purchasing an additional 1,123 shares during the period. Finally, Redhawk Wealth Advisors Inc. bought a new position in shares of Duke Energy in the second quarter worth about $208,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.6 %

NYSE:DUK opened at $111.14 on Wednesday. The stock has a market capitalization of $85.85 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.97 and a beta of 0.47. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm has a 50 day moving average of $114.86 and a 200 day moving average of $110.71.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share 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 during the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the business earned $1.94 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DUK. Royal Bank of Canada restated an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Barclays increased their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, Jefferies Financial Group assumed coverage on Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target 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.