Duke Energy Co. (NYSE:DUK) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management reduced its position in Duke Energy Co. (NYSE:DUK) by 19.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,040 shares of the utilities provider’s stock after selling 1,661 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Duke Energy were worth $812,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its stake in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. International Assets Investment Management LLC grew 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 worth $129,782,000 after purchasing an additional 1,117,526 shares during the period. Mackenzie Financial Corp grew its stake in shares of Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the period. Wulff Hansen & CO. grew its stake in shares of Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after purchasing an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON acquired a new position in shares of Duke Energy during the 1st quarter worth $36,278,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 2.6 %

Shares of DUK stock traded down $2.98 during trading hours on Thursday, hitting $110.65. 1,662,866 shares of the company were exchanged, compared to its average volume of 3,041,465. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy Co. has a one year low of $86.61 and a one year high of $121.25. The business’s 50-day simple moving average is $115.89 and its two-hundred day simple moving average is $108.61. The stock has a market capitalization of $85.44 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 3.07 and a beta of 0.47.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.78%. Duke Energy’s dividend payout ratio is currently 76.98%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DUK. Evercore ISI increased their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Morgan Stanley raised their price target on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Bank of America increased their price target on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $121.85.

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.