Duke Energy Co. (NYSE:DUK) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its position in Duke Energy Co. (NYSE:DUK - Free Report) by 23.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,546 shares of the utilities provider's stock after selling 13,712 shares during the period. TD Private Client Wealth LLC's holdings in Duke Energy were worth $5,251,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its stake in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider's stock worth $781,500,000 after acquiring an additional 6,719,398 shares during the period. Groupama Asset Managment purchased a new stake in Duke Energy in the third quarter valued at $2,537,000. Zimmer Partners LP acquired a new stake in Duke Energy during the 3rd quarter worth about $166,263,000. International Assets Investment Management LLC raised its stake in shares of Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider's stock valued at $129,782,000 after buying an additional 1,117,526 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider's stock valued at $205,769,000 after buying an additional 813,744 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. 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. KeyCorp downgraded shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 22nd. Scotiabank raised their target price on Duke Energy from $104.00 to $113.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $121.69.

Duke Energy Trading Down 1.4 %

NYSE DUK traded down $1.52 on Wednesday, reaching $109.59. 3,820,310 shares of the company were exchanged, compared to its average volume of 3,056,125. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The stock has a market capitalization of $84.66 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.97 and a beta of 0.47. The business's fifty day moving average price is $114.76 and its 200 day moving average price is $110.77. 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 released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.94 earnings per share. Analysts forecast that Duke Energy Co. will post 5.95 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.81%. Duke Energy's payout ratio is 76.84%.

Duke Energy Company Profile

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.