1834 Investment Advisors Co. Sells 573 Shares of Duke Energy Co. (NYSE:DUK)

1834 Investment Advisors Co. decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 24.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,744 shares of the utilities provider’s stock after selling 573 shares during the quarter. 1834 Investment Advisors Co.’s holdings in Duke Energy were worth $201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Norden Group LLC grew its holdings in Duke Energy by 141.0% during the 1st quarter. Norden Group LLC now owns 6,443 shares of the utilities provider’s stock valued at $623,000 after buying an additional 3,770 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Duke Energy during the first quarter valued at approximately $80,000. GSA Capital Partners LLP bought a new stake in Duke Energy during the 1st quarter worth approximately $592,000. Duality Advisers LP lifted its stake in Duke Energy by 57.8% in the 1st quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock worth $2,618,000 after purchasing an additional 9,917 shares in the last quarter. Finally, Empirical Finance LLC boosted its holdings in Duke Energy by 3.5% in the 1st quarter. Empirical Finance LLC now owns 27,688 shares of the utilities provider’s stock valued at $2,678,000 after purchasing an additional 937 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Duke Energy stock opened at $113.62 on Thursday. The firm has a fifty day simple moving average of $115.89 and a two-hundred day simple moving average of $108.61. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25. The company has a market capitalization of $87.74 billion, a PE ratio of 20.92, a P/E/G ratio of 3.08 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. Duke Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.91 EPS. Research analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. raised their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Evercore ISI boosted their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, The Goldman Sachs Group increased 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

About Duke Energy

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.