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MML Investors Services LLC Has $29.50 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Duke Energy logo with Utilities background

MML Investors Services LLC lessened its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 3.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,842 shares of the utilities provider's stock after selling 8,211 shares during the period. MML Investors Services LLC's holdings in Duke Energy were worth $29,499,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC bought a new position in Duke Energy in the third quarter valued at approximately $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy during the 3rd quarter worth about $30,000. Sachetta LLC increased its stake in shares of Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider's stock worth $36,000 after purchasing an additional 96 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Duke Energy during the 3rd quarter worth about $38,000. Finally, Catalyst Capital Advisors LLC grew its stake in Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider's stock valued at $39,000 after buying an additional 167 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Ratings Changes

DUK has been the topic of a number of analyst reports. KeyCorp lowered shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised their price target on shares of Duke Energy from $102.00 to $113.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Bank of America raised their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Finally, BMO Capital Markets lifted their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 18th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.69.

Read Our Latest Stock Analysis on Duke Energy

Duke Energy Stock Down 0.2 %

NYSE:DUK traded down $0.22 during mid-day trading on Monday, hitting $111.88. The stock had a trading volume of 2,572,636 shares, compared to its average volume of 3,053,350. 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 company has a market capitalization of $86.43 billion, a PE ratio of 20.57, a PEG ratio of 2.97 and a beta of 0.47. The stock has a 50-day simple moving average of $114.86 and a two-hundred day simple moving average of $110.71. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly 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 net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $8.06 billion. During the same quarter last year, the firm earned $1.94 EPS. The firm's quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Duke Energy Co. will post 5.95 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 given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.74%. The ex-dividend date is Friday, November 15th. Duke Energy's payout ratio is currently 76.84%.

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.

See Also

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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