White Knight Strategic Wealth Advisors LLC Has $213,000 Position in Duke Energy Co. (NYSE:DUK)

White Knight Strategic Wealth Advisors LLC decreased its stake in shares of Duke Energy Co. (NYSE:DUK) by 50.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,850 shares of the utilities provider’s stock after selling 1,865 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in Duke Energy were worth $213,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in shares of Duke Energy by 1.6% during the third quarter. Captrust Financial Advisors now owns 402,248 shares of the utilities provider’s stock worth $46,379,000 after acquiring an additional 6,527 shares during the period. Public Sector Pension Investment Board boosted its stake in Duke Energy by 3.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 134,802 shares of the utilities provider’s stock valued at $15,543,000 after purchasing an additional 3,900 shares during the period. Providence Capital Advisors LLC grew its holdings in Duke Energy by 0.8% in the 3rd quarter. Providence Capital Advisors LLC now owns 37,745 shares of the utilities provider’s stock valued at $4,352,000 after buying an additional 293 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Duke Energy by 55.9% during the third quarter. CreativeOne Wealth LLC now owns 9,739 shares of the utilities provider’s stock worth $1,123,000 after buying an additional 3,492 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of Duke Energy by 0.5% in the third quarter. Townsquare Capital LLC now owns 114,592 shares of the utilities provider’s stock valued at $13,213,000 after acquiring an additional 604 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

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

Duke Energy Stock Performance

Duke Energy stock opened at $117.12 on Friday. The stock has a market cap of $90.47 billion, a PE ratio of 21.53, a P/E/G ratio of 3.10 and a beta of 0.47. 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. The business’s 50-day moving average price is $115.18 and its two-hundred day moving average price is $110.18.

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 return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. Duke Energy’s payout ratio 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.