Assetmark Inc. lessened its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 61.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,470 shares of the utilities provider's stock after selling 28,924 shares during the period. Assetmark Inc.'s holdings in Duke Energy were worth $2,130,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC lifted its holdings in shares of Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider's stock worth $29,000 after buying an additional 119 shares during the last quarter. Olistico Wealth LLC acquired a new position in Duke Energy during the 2nd quarter valued at $30,000. Northwest Investment Counselors LLC bought a new stake in Duke Energy in the 3rd quarter valued at $30,000. Cedar Wealth Management LLC grew its position in Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider's stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Duke Energy during the first quarter valued at about $36,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Price Performance
Shares of DUK traded down $0.63 on Thursday, hitting $110.68. The company's stock had a trading volume of 3,630,804 shares, compared to its average volume of 3,061,627. The company has a market capitalization of $85.50 billion, a PE ratio of 20.39, a PEG ratio of 3.06 and a beta of 0.47. Duke Energy Co. has a fifty-two week low of $88.27 and a fifty-two week high of $121.25. The company has a 50 day moving average price of $115.61 and a 200 day moving average price of $109.08. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.
Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 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 business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same period in the prior year, the firm posted $1.94 EPS. Duke Energy's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.78%. Duke Energy's payout ratio is 76.84%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. KeyCorp lowered Duke Energy from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Evercore ISI lifted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Finally, BMO Capital Markets upped their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, September 18th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $121.85.
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About Duke Energy
(
Free Report)
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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