Atria Investments Inc decreased its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 18.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,470 shares of the utilities provider's stock after selling 12,253 shares during the quarter. Atria Investments Inc's holdings in Duke Energy were worth $6,396,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. First Personal Financial Services boosted its position in shares of Duke Energy by 2.7% in the 3rd quarter. First Personal Financial Services now owns 18,989 shares of the utilities provider's stock valued at $2,189,000 after purchasing an additional 507 shares during the period. Field & Main Bank raised its stake in shares of Duke Energy by 20.9% during the 3rd quarter. Field & Main Bank now owns 7,720 shares of the utilities provider's stock worth $890,000 after purchasing an additional 1,335 shares in the last quarter. Tompkins Financial Corp raised its stake in shares of Duke Energy by 1.2% during the 3rd quarter. Tompkins Financial Corp now owns 85,031 shares of the utilities provider's stock worth $9,804,000 after purchasing an additional 989 shares in the last quarter. Townsend & Associates Inc raised its stake in shares of Duke Energy by 82.1% during the 3rd quarter. Townsend & Associates Inc now owns 40,303 shares of the utilities provider's stock worth $4,859,000 after purchasing an additional 18,166 shares in the last quarter. Finally, United Bank raised its stake in shares of Duke Energy by 2.7% in the 3rd quarter. United Bank now owns 4,764 shares of the utilities provider's stock valued at $549,000 after acquiring an additional 127 shares in the last quarter. Institutional investors own 65.31% of the company's stock.
Duke Energy Price Performance
NYSE:DUK traded down $0.57 during trading hours on Tuesday, reaching $111.89. 2,876,792 shares of the company were exchanged, compared to its average volume of 3,062,985. The company has a market capitalization of $86.40 billion, a P/E ratio of 20.67, a P/E/G ratio of 3.09 and a beta of 0.47. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.53. The business has a 50 day moving average of $115.81 and a 200 day moving average of $108.97.
Duke Energy (NYSE:DUK - Get Free Report) last issued 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). The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company's revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. Research analysts forecast that Duke Energy Co. will post 5.97 EPS 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 paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy's dividend payout ratio is 76.84%.
Analysts Set New Price Targets
A number of research firms have issued reports on DUK. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. KeyCorp lowered Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Mizuho raised 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 report on Tuesday, October 15th. Wells Fargo & Company lifted their price objective on Duke Energy from $110.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, August 7th. Finally, Evercore ISI lifted their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.85.
View Our Latest Analysis on Duke Energy
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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