FDx Advisors Inc. Sells 1,137 Shares of Duke Energy Co. (NYSE:DUK)

FDx Advisors Inc. reduced its position in Duke Energy Co. (NYSE:DUK) by 30.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,630 shares of the utilities provider’s stock after selling 1,137 shares during the quarter. FDx Advisors Inc.’s holdings in Duke Energy were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Duke Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after purchasing an additional 324,289 shares during the period. Capital Research Global Investors boosted its stake in Duke Energy by 3.2% in the 1st quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after buying an additional 352,320 shares in the last quarter. Pathway Financial Advisers LLC grew its position in Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares during the period. Envestnet Asset Management Inc. raised its stake in Duke Energy by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after acquiring an additional 40,243 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.7 %

Shares of DUK opened at $112.46 on Tuesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.53 and a current ratio of 0.70. Duke Energy Co. has a 52 week low of $86.61 and a 52 week high of $121.25. The firm has a market capitalization of $86.84 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 3.09 and a beta of 0.47. The business’s fifty day moving average price is $115.84 and its two-hundred day moving average price is $108.87.

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

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.72%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Evercore ISI raised their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley lifted their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus target price 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.