Cravens & Co Advisors LLC Has $291,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Cravens & Co Advisors LLC decreased its holdings in Duke Energy Co. (NYSE:DUK) by 14.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,526 shares of the utilities provider’s stock after selling 432 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Duke Energy were worth $291,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DUK. EntryPoint Capital LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth about $36,000. Janus Henderson Group PLC increased its position 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 worth $10,520,000 after purchasing an additional 9,334 shares in the last quarter. Tidal Investments LLC increased its position in shares of Duke Energy by 116.2% during the 1st quarter. Tidal Investments LLC now owns 37,067 shares of the utilities provider’s stock worth $3,584,000 after purchasing an additional 19,919 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Duke Energy during the 1st quarter worth about $361,000. Finally, Hancock Whitney Corp grew its holdings in Duke Energy by 3.9% during the 1st quarter. Hancock Whitney Corp now owns 4,361 shares of the utilities provider’s stock worth $422,000 after acquiring an additional 163 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of NYSE:DUK opened at $117.05 on Wednesday. The company has a market capitalization of $90.42 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 3.03 and a beta of 0.47. The firm’s 50 day simple moving average is $115.09 and its 200 day simple moving average is $109.98. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK) last announced its 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). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $1.94 earnings per share. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The business 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 dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.57%. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Analyst Ratings Changes

DUK has been the topic of a number of research analyst reports. Morgan Stanley decreased their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 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. Wells Fargo & Company increased their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Evercore ISI raised their target price 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. Finally, KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $121.69.

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.