Oppenheimer & Co. Inc. Has $10.85 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Oppenheimer & Co. Inc. lifted its stake in Duke Energy Co. (NYSE:DUK) by 1.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 94,077 shares of the utilities provider’s stock after purchasing an additional 1,300 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Duke Energy were worth $10,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Empowered Funds LLC boosted its position in Duke Energy by 11.7% during the first quarter. Empowered Funds LLC now owns 13,524 shares of the utilities provider’s stock valued at $1,308,000 after purchasing an additional 1,420 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in shares of Duke Energy by 3.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 11,141 shares of the utilities provider’s stock valued at $1,077,000 after buying an additional 339 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Duke Energy by 3.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,702 shares of the utilities provider’s stock worth $455,000 after buying an additional 141 shares during the last quarter. Gratus Wealth Advisors LLC raised its position in Duke Energy by 6.7% during the first quarter. Gratus Wealth Advisors LLC now owns 9,721 shares of the utilities provider’s stock valued at $933,000 after acquiring an additional 607 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in Duke Energy in the first quarter valued at approximately $45,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DUK. Bank of America raised their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price objective on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Evercore ISI upped their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

Duke Energy Stock Down 0.5 %

DUK stock opened at $111.27 on Thursday. Duke Energy Co. has a twelve month low of $88.27 and a twelve month 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 company has a market cap of $85.95 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 3.06 and a beta of 0.47. The business’s 50-day simple moving average is $115.73 and its 200 day simple moving average is $109.07.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the firm posted $1.94 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

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 given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

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.