Duke Energy Co. (NYSE:DUK) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors boosted its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 402,248 shares of the utilities provider's stock after purchasing an additional 6,527 shares during the period. Captrust Financial Advisors owned about 0.05% of Duke Energy worth $46,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in DUK. Public Sector Pension Investment Board increased its holdings in shares of 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 acquiring an additional 3,900 shares during the last quarter. Providence Capital Advisors LLC lifted its stake in shares of Duke Energy by 0.8% during the 3rd quarter. Providence Capital Advisors LLC now owns 37,745 shares of the utilities provider's stock worth $4,352,000 after purchasing an additional 293 shares during the period. CreativeOne Wealth LLC boosted its holdings in Duke Energy by 55.9% in the third quarter. CreativeOne Wealth LLC now owns 9,739 shares of the utilities provider's stock valued at $1,123,000 after acquiring an additional 3,492 shares during the last quarter. Townsquare Capital LLC grew its stake 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 buying an additional 604 shares in the last quarter. Finally, Cadence Bank boosted its stake in Duke Energy by 4.5% during the 3rd quarter. Cadence Bank now owns 8,688 shares of the utilities provider's stock valued at $1,002,000 after acquiring an additional 371 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on DUK shares. Bank of America raised their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Jefferies Financial Group assumed coverage on Duke Energy in a research note on Thursday, September 19th. They issued a "buy" rating and a $138.00 target price for the company. JPMorgan Chase & Co. increased their price target on Duke Energy from $111.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Barclays lifted their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Finally, Morgan Stanley dropped their price target on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $121.69.

Duke Energy Stock Down 0.3 %

Shares of Duke Energy stock traded down $0.37 during trading on Friday, hitting $117.05. 1,899,450 shares of the stock traded hands, compared to its average volume of 3,064,937. The firm has a market cap of $90.42 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 3.10 and a beta of 0.47. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. 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 stock's fifty day simple moving average is $115.18 and its 200 day simple moving average is $110.24.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS 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 analysts' expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company's revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.94 EPS. On average, equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given 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 dividend payout ratio is currently 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.