AMG National Trust Bank Has $2.11 Million Holdings in Duke Energy Co. (NYSE:DUK)

AMG National Trust Bank lowered its position in Duke Energy Co. (NYSE:DUK - Free Report) by 31.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,306 shares of the utilities provider's stock after selling 8,300 shares during the quarter. AMG National Trust Bank's holdings in Duke Energy were worth $2,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DUK. Pathway Financial Advisers LLC lifted its stake in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider's stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider's stock valued at $129,782,000 after purchasing an additional 1,117,526 shares during the period. Mackenzie Financial Corp grew its stake in shares of Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider's stock valued at $205,769,000 after acquiring an additional 813,744 shares in the last quarter. Wulff Hansen & CO. increased its holdings in Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider's stock worth $77,103,000 after purchasing an additional 761,590 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in shares of Duke Energy in the first quarter worth $36,278,000. Hedge funds and other institutional investors own 65.31% of the company's stock.

Duke Energy Stock Down 0.2 %

Shares of NYSE DUK traded down $0.25 during trading hours on Tuesday, hitting $113.29. The stock had a trading volume of 2,319,444 shares, compared to its average volume of 3,070,952. The company has a market capitalization of $87.51 billion, a P/E ratio of 20.71, a P/E/G ratio of 2.96 and a beta of 0.47. The firm's 50-day moving average price is $115.33 and its two-hundred day moving average price is $109.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a 52 week low of $88.27 and a 52 week high of $121.25.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $8.06 billion. During the same quarter last year, the company earned $1.94 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.69%. Duke Energy's dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Mizuho raised shares of Duke Energy from a "neutral" rating to an "outperform" rating and raised their target price 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 note on Tuesday, October 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. Finally, Jefferies Financial Group started coverage on Duke Energy in a research note on Thursday, September 19th. They issued a "buy" rating and a $138.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $121.85.

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.