Cassaday & Co Wealth Management LLC Acquires 134 Shares of Duke Energy Co. (NYSE:DUK)

Cassaday & Co Wealth Management LLC lifted its holdings in Duke Energy Co. (NYSE:DUK) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,132 shares of the utilities provider’s stock after buying an additional 134 shares during the period. Cassaday & Co Wealth Management LLC’s holdings in Duke Energy were worth $938,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Capital Research Global Investors increased its holdings in shares of 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 worth $1,111,521,000 after buying an additional 352,320 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings 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. Envestnet Asset Management Inc. increased its holdings in shares of Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after buying an additional 40,243 shares during the last quarter. Swiss National Bank increased its holdings in shares of Duke Energy by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after buying an additional 6,500 shares during the last quarter. Finally, Mackenzie Financial Corp increased 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 worth $205,769,000 after buying an additional 813,744 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Price Performance

Shares of DUK opened at $112.17 on Monday. The company has a 50 day moving average price of $115.40 and a 200-day moving average price of $109.33. Duke Energy Co. has a fifty-two week low of $88.27 and a fifty-two week high of $121.25. The stock has a market capitalization of $86.65 billion, a PE ratio of 20.62, a PEG ratio of 2.96 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share 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 during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the previous year, the company posted $1.94 EPS. Duke Energy’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given 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 yield of 3.73%. Duke Energy’s payout ratio is 76.84%.

Wall Street Analyst Weigh In

DUK has been the topic of several analyst reports. JPMorgan Chase & Co. upped 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. The Goldman Sachs Group upped their price target on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Morgan Stanley upped their price target on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, Bank of America upped their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has a consensus 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.