Cetera Advisor Networks LLC Has $19.50 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Cetera Advisor Networks LLC grew its position in shares of Duke Energy Co. (NYSE:DUK) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,332 shares of the utilities provider’s stock after purchasing an additional 2,936 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Duke Energy were worth $19,503,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DUK. Shepherd Financial Partners LLC raised its position in Duke Energy by 0.5% during the first quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock valued at $2,326,000 after purchasing an additional 94 shares during the period. Trust Investment Advisors raised its position in Duke Energy by 0.8% during the first quarter. Trust Investment Advisors now owns 13,066 shares of the utilities provider’s stock valued at $1,261,000 after purchasing an additional 103 shares during the period. First Manhattan Co. raised its position in Duke Energy by 0.9% during the fourth quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock valued at $1,227,000 after purchasing an additional 107 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of Duke Energy by 6.8% in the first quarter. AlphaMark Advisors LLC now owns 1,727 shares of the utilities provider’s stock worth $167,000 after buying an additional 110 shares during the period. Finally, Belpointe Asset Management LLC raised its holdings in shares of Duke Energy by 0.6% in the first quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock worth $1,872,000 after buying an additional 112 shares during the period. 63.68% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of DUK stock opened at $89.61 on Thursday. The business has a fifty day moving average of $89.62 and a 200 day moving average of $91.10. The firm has a market capitalization of $69.06 billion, a price-to-earnings ratio of 57.08, a price-to-earnings-growth ratio of 2.56 and a beta of 0.45. Duke Energy Co. has a 1 year low of $83.06 and a 1 year high of $106.43. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.76 and a quick ratio of 0.52.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.02. The business had revenue of $7.99 billion during the quarter, compared to analyst estimates of $8.13 billion. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The company’s revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. As a group, research analysts expect that Duke Energy Co. will post 5.59 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $1.025 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.10 annualized dividend and a dividend yield of 4.58%. Duke Energy’s dividend payout ratio is presently 261.15%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DUK shares. BMO Capital Markets reduced their price target on Duke Energy from $105.00 to $98.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. Mizuho dropped their target price on Duke Energy from $92.00 to $91.00 and set a “neutral” rating on the stock in a research report on Friday, August 25th. Morgan Stanley lowered their price objective on Duke Energy from $98.00 to $93.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 25th. JPMorgan Chase & Co. raised their price objective on Duke Energy from $98.00 to $101.00 and gave the stock a “neutral” rating in a research report on Thursday, August 17th. Finally, Royal Bank of Canada lowered their price objective on Duke Energy from $104.00 to $101.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $98.36.

Duke Energy 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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.