Financial Counselors Inc. lowered its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 160,011 shares of the utilities provider’s stock after selling 4,714 shares during the quarter. Financial Counselors Inc.’s holdings in Duke Energy were worth $18,449,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. PBMares Wealth Management LLC grew its position in shares of Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after buying an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. grew its position in shares of Duke Energy by 2.1% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after buying an additional 90 shares during the last quarter. Castleview Partners LLC grew its position in shares of Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after buying an additional 90 shares during the last quarter. Kanawha Capital Management LLC grew its position in shares of Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after buying an additional 92 shares during the last quarter. Finally, Baron Wealth Management LLC grew its position in shares of Duke Energy by 3.5% in the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on DUK shares. JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Royal Bank of Canada reissued an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research report on Thursday, August 29th. Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price on the stock. Scotiabank boosted their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley dropped their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $121.69.
Duke Energy Stock Performance
Shares of NYSE DUK opened at $117.41 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The company has a 50 day simple moving average of $115.12 and a two-hundred day simple moving average of $110.03. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The stock has a market cap of $90.70 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.03 and a beta of 0.47.
Duke Energy (NYSE:DUK – Get Free Report) last released 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 net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the previous year, the firm posted $1.94 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.
Duke Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.56%. 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.
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