Empower Advisory Group LLC lifted its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,124,889 shares of the utilities provider's stock after purchasing an additional 20,334 shares during the period. Empower Advisory Group LLC owned about 0.15% of Duke Energy worth $129,700,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the business. PBMares Wealth Management LLC lifted its position in shares of Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider's stock worth $563,000 after purchasing an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. lifted 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 boosted its stake in Duke Energy by 4.9% during the 3rd 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 in the last quarter. Kanawha Capital Management LLC lifted its holdings in shares of Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider's stock valued at $760,000 after buying an additional 92 shares during the period. Finally, Chicago Capital LLC grew its holdings in Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider's stock worth $1,172,000 after acquiring an additional 93 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on DUK. Wells Fargo & Company boosted their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $135.00 target price on shares of Duke Energy in a research report on Thursday, August 29th. Morgan Stanley lifted their price target on Duke Energy from $114.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. KeyCorp lowered Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Finally, Scotiabank boosted their price target on Duke Energy from $104.00 to $113.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of "Moderate Buy" and an average target price of $121.85.
Read Our Latest Stock Report on DUK
Duke Energy Stock Down 0.7 %
Shares of DUK stock traded down $0.78 on Wednesday, hitting $111.10. 979,862 shares of the stock were exchanged, compared to its average volume of 3,053,527. The firm has a market capitalization of $85.82 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 3.06 and a beta of 0.47. The business has a 50-day moving average of $115.73 and a 200 day moving average of $109.07. 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 Co. has a fifty-two week low of $88.27 and a fifty-two week high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $8.06 billion. During the same quarter in the previous year, the company posted $1.94 EPS. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.
Duke Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 annualized dividend and a yield of 3.76%. Duke Energy's dividend payout ratio (DPR) is presently 76.84%.
Duke Energy 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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