Duke Energy Co. (NYSE:DUK) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV decreased its position in shares of Duke Energy Co. (NYSE:DUK) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,866 shares of the utilities provider’s stock after selling 722 shares during the period. Forte Capital LLC ADV’s holdings in Duke Energy were worth $2,636,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. PBMares Wealth Management LLC raised its holdings in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after acquiring an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its position in shares of Duke Energy by 2.1% during the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 90 shares during the last quarter. Castleview Partners LLC grew its stake in Duke Energy by 4.9% in the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 90 shares in the last quarter. Kanawha Capital Management LLC increased its holdings in Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after buying an additional 92 shares during the last quarter. Finally, Chicago Capital LLC raised its stake in Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares in 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 $113.62 on Thursday. Duke Energy Co. has a 1 year low of $86.61 and a 1 year high of $121.25. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a fifty day moving average price of $115.89 and a two-hundred day moving average price of $108.61. The firm has a market cap of $87.74 billion, a P/E ratio of 20.92, a PEG ratio of 3.08 and a beta of 0.47.

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

Duke Energy Announces Dividend

The business also recently disclosed 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 3.68%. Duke Energy’s payout ratio is presently 76.98%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DUK. Barclays upped their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Morgan Stanley boosted their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their target price on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group assumed coverage on Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

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.