Duke Energy Co. (NYSE:DUK) Position Lifted by CreativeOne Wealth LLC

CreativeOne Wealth LLC raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 55.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,739 shares of the utilities provider’s stock after acquiring an additional 3,492 shares during the quarter. CreativeOne Wealth LLC’s holdings in Duke Energy were worth $1,123,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC lifted its position in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after buying an additional 1,117,526 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after buying an additional 813,744 shares during the period. Wulff Hansen & CO. boosted its holdings in shares of Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after buying an additional 761,590 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Duke Energy by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock valued at $182,101,000 after buying an additional 240,136 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Down 0.3 %

DUK stock opened at $117.12 on Friday. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The company has a market capitalization of $90.47 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 3.10 and a beta of 0.47. The firm’s 50-day moving average is $115.18 and its two-hundred day moving average is $110.18. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Duke Energy Co. will post 5.97 earnings per share 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. Investors 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 dividend yield of 3.57%. Duke Energy’s payout ratio is currently 76.84%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Wells Fargo & Company lifted their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Scotiabank lifted their price objective on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Jefferies Financial Group initiated coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

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.