Duke Energy Co. (NYSE:DUK) Shares Sold by Foundry Partners LLC

Foundry Partners LLC reduced its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,562 shares of the utilities provider's stock after selling 31,259 shares during the period. Duke Energy accounts for about 1.6% of Foundry Partners LLC's holdings, making the stock its 11th biggest position. Foundry Partners LLC's holdings in Duke Energy were worth $31,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. PBMares Wealth Management LLC lifted its holdings in Duke Energy by 1.8% during the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider's stock worth $563,000 after buying an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in Duke Energy by 2.1% in the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider's stock worth $444,000 after purchasing an additional 90 shares during the period. Castleview Partners LLC increased its stake in Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider's stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. Kanawha Capital Management LLC raised its holdings in shares of Duke Energy by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider's stock worth $760,000 after purchasing an additional 92 shares during the period. Finally, Baron Wealth Management LLC lifted its position in shares of Duke Energy by 3.5% in the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider's stock worth $315,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Duke Energy Stock Up 0.2 %

Duke Energy stock opened at $113.78 on Thursday. The company's 50-day moving average price is $115.21 and its two-hundred day moving average price is $109.56. The stock has a market cap of $87.89 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.99 and a beta of 0.47. Duke Energy Co. has a 52 week low of $88.73 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.

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). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. On average, analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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 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 yield of 3.67%. Duke Energy's dividend payout ratio is currently 76.84%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a "buy" rating and a $138.00 price objective for the company. Mizuho upgraded Duke Energy from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Barclays raised their price target on Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Bank of America upped their price objective on Duke Energy from $116.00 to $118.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.85.

About Duke Energy

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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