Cary Street Partners Investment Advisory LLC decreased its stake in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 4.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,950 shares of the utilities provider’s stock after selling 1,429 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Duke Energy were worth $2,688,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Norwood Financial Corp acquired a new position in shares of Duke Energy in the 2nd quarter worth approximately $27,000. Impact Partnership Wealth LLC acquired a new position in shares of Duke Energy in the 2nd quarter worth approximately $28,000. Horizon Bancorp Inc. IN grew its stake in shares of Duke Energy by 200.0% in the 2nd quarter. Horizon Bancorp Inc. IN now owns 312 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 208 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of Duke Energy in the 1st quarter worth approximately $28,000. Finally, Fairfield Bush & CO. acquired a new position in shares of Duke Energy in the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 63.68% of the company’s stock.
Analyst Upgrades and Downgrades
DUK has been the topic of several analyst reports. KeyCorp dropped their target price on shares of Duke Energy from $109.00 to $96.00 and set an “overweight” rating on the stock in a research report on Thursday, October 5th. StockNews.com raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Guggenheim dropped their target price on shares of Duke Energy from $102.00 to $93.00 in a research report on Monday, October 9th. Barclays boosted their price objective on shares of Duke Energy from $96.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, September 14th. Finally, BMO Capital Markets lowered their price objective on shares of Duke Energy from $105.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $98.36.
Duke Energy Stock Performance
DUK stock opened at $90.01 on Friday. The company has a market capitalization of $69.37 billion, a price-to-earnings ratio of 57.33, a P/E/G ratio of 2.63 and a beta of 0.45. The company has a quick ratio of 0.52, a current ratio of 0.76 and a debt-to-equity ratio of 1.43. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $106.43. The firm has a 50 day moving average of $89.61 and a two-hundred day moving average of $91.03.
Duke Energy (NYSE:DUK – Get Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.02. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The firm had revenue of $7.99 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same period last year, the company posted $1.78 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities analysts anticipate that Duke Energy Co. will post 5.59 EPS for the current fiscal year.
Duke Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Stockholders 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 4.56%. Duke Energy’s dividend payout ratio is currently 261.15%.
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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.
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