CWA Asset Management Group LLC bought a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 150,084 shares of the utilities provider's stock, valued at approximately $17,305,000. Duke Energy makes up 0.9% of CWA Asset Management Group LLC's portfolio, making the stock its 25th largest position.
Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its holdings in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider's stock valued at $29,000 after buying an additional 119 shares during the period. Olistico Wealth LLC bought a new position in shares of Duke Energy in the 2nd quarter worth $30,000. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy during the 3rd quarter worth $30,000. Cedar Wealth Management LLC boosted its position in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Duke Energy in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 65.31% of the company's stock.
Duke Energy Stock Performance
NYSE DUK traded up $2.15 during trading hours on Friday, reaching $113.23. The stock had a trading volume of 3,788,549 shares, compared to its average volume of 3,321,600. Duke Energy Co. has a 52-week low of $86.61 and a 52-week high of $121.25. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market cap of $87.44 billion, a P/E ratio of 20.85, a price-to-earnings-growth ratio of 3.10 and a beta of 0.47. The stock has a fifty day moving average of $115.84 and a 200 day moving average of $108.73.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $8.06 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm's revenue was up 2.1% on a year-over-year basis. During the same period last year, the company earned $1.94 earnings per share. Sell-side analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current year.
Duke Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, November 15th. Duke Energy's dividend payout ratio (DPR) is 76.98%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on DUK shares. KeyCorp cut shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Jefferies Financial Group began coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a "buy" rating and a $138.00 price target on the stock. The Goldman Sachs Group upped their price target on Duke Energy from $102.00 to $113.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Evercore ISI raised their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 7th. Finally, Bank of America increased their price target on Duke Energy from $116.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.85.
View Our Latest Analysis on Duke Energy
Duke Energy Company Profile
(
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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