Los Angeles Capital Management LLC Has $4.14 Million Holdings in Duke Energy Co. (NYSE:DUK)

Los Angeles Capital Management LLC trimmed its position in Duke Energy Co. (NYSE:DUK - Free Report) by 63.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,889 shares of the utilities provider's stock after selling 62,247 shares during the quarter. Los Angeles Capital Management LLC's holdings in Duke Energy were worth $4,138,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position 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 in the last quarter. Olistico Wealth LLC bought a new stake in Duke Energy during the second quarter worth about $30,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 3rd quarter valued at about $30,000. Cedar Wealth Management LLC lifted its position in Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in Duke Energy in the first quarter valued at approximately $36,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DUK has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Duke Energy from $114.00 to $120.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Evercore ISI lifted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, August 7th. Barclays increased their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. KeyCorp downgraded Duke Energy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets upped their target price on Duke Energy from $120.00 to $126.00 and gave the company an "outperform" rating in a research report on Wednesday, September 18th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.85.

Duke Energy Stock Performance

Shares of Duke Energy stock traded down $0.61 during trading on Wednesday, hitting $111.27. 2,191,609 shares of the company's stock were exchanged, compared to its average volume of 3,059,034. The stock has a market capitalization of $85.95 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 3.06 and a beta of 0.47. Duke Energy Co. has a 52-week low of $88.27 and a 52-week high of $121.25. The business has a 50-day simple moving average of $115.73 and a 200-day simple moving average of $109.07. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.

Duke Energy (NYSE:DUK - Get Free Report) last issued 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). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm 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 firm posted $1.94 EPS. The business's revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, November 15th. Duke Energy's dividend payout ratio is presently 76.84%.

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.