Duke Energy Co. (NYSE:DUK) Shares Acquired by Equitable Trust Co.

Equitable Trust Co. lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 27.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,835 shares of the utilities provider’s stock after acquiring an additional 5,599 shares during the quarter. Equitable Trust Co.’s holdings in Duke Energy were worth $2,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in shares of Duke Energy by 9.4% during the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after acquiring an additional 9,334 shares in the last quarter. Goodman Advisory Group LLC purchased a new stake in Duke Energy during the 2nd quarter worth $2,888,000. Jupiter Asset Management Ltd. purchased a new stake in Duke Energy during the 1st quarter worth $1,396,000. Atomi Financial Group Inc. increased its stake in Duke Energy by 85.8% during the 1st quarter. Atomi Financial Group Inc. now owns 11,374 shares of the utilities provider’s stock worth $1,100,000 after buying an additional 5,253 shares during the period. Finally, PrairieView Partners LLC purchased a new stake in Duke Energy during the 2nd quarter worth $501,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DUK shares. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Bank of America boosted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Scotiabank boosted their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group boosted 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Trading Up 1.9 %

Duke Energy stock opened at $113.23 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The firm has a 50-day moving average price of $115.84 and a two-hundred day moving average price of $108.73. The firm has a market capitalization of $87.44 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 3.07 and a beta of 0.47. Duke Energy Co. has a 52-week low of $86.61 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. Sell-side analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 76.98%.

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.