Duke Energy Co. (NYSE:DUK) Position Trimmed by StoneX Group Inc.

StoneX Group Inc. reduced its stake in Duke Energy Co. (NYSE:DUK) by 6.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,145 shares of the utilities provider’s stock after selling 1,125 shares during the quarter. StoneX Group Inc.’s holdings in Duke Energy were worth $1,746,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. EntryPoint Capital LLC bought a new stake in shares of Duke Energy during the first quarter worth $36,000. 1832 Asset Management L.P. lifted its position in shares of Duke Energy by 8.7% in the first quarter. 1832 Asset Management L.P. now owns 24,645 shares of the utilities provider’s stock valued at $2,383,000 after buying an additional 1,964 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of Duke Energy in the first quarter valued at approximately $65,000. Price T Rowe Associates Inc. MD lifted its holdings in Duke Energy by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,203,916 shares of the utilities provider’s stock worth $116,431,000 after purchasing an additional 16,735 shares during the last quarter. Finally, SVB Wealth LLC lifted its holdings in Duke Energy by 4.7% during the 1st quarter. SVB Wealth LLC now owns 23,463 shares of the utilities provider’s stock worth $2,269,000 after purchasing an additional 1,051 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Trading Down 0.1 %

Shares of DUK stock opened at $114.70 on Monday. The company’s fifty day simple moving average is $115.14 and its two-hundred day simple moving average is $109.80. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a 1 year low of $89.92 and a 1 year high of $121.25. The stock has a market capitalization of $88.60 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.03 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. As a group, analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.64%. Duke Energy’s dividend payout ratio is presently 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the subject of several analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a report on Thursday, August 29th. The Goldman Sachs Group boosted their price objective on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Evercore ISI upped their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company increased their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. 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 report on Wednesday, September 18th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.69.

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.