Linscomb Wealth Inc. Decreases Stock Position in Duke Energy Co. (NYSE:DUK)

Linscomb Wealth Inc. lessened its position in shares of Duke Energy Co. (NYSE:DUK) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,521 shares of the utilities provider’s stock after selling 506 shares during the period. Linscomb Wealth Inc.’s holdings in Duke Energy were worth $9,976,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Duke Energy by 0.5% in the first 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 raised its holdings in Duke Energy by 3.2% during 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 acquiring an additional 352,320 shares during the period. Pathway Financial Advisers LLC lifted its position in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after purchasing an additional 813,744 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.3 %

Shares of DUK traded down $0.36 during mid-day trading on Friday, reaching $110.32. The company’s stock had a trading volume of 735,783 shares, compared to its average volume of 3,051,399. Duke Energy Co. has a 52 week low of $88.27 and a 52 week high of $121.25. The stock has a market cap of $85.22 billion, a PE ratio of 20.28, a P/E/G ratio of 2.93 and a beta of 0.47. The company’s fifty day moving average price is $115.49 and its two-hundred day moving average price is $109.10. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. During the same quarter in the previous year, the company earned $1.94 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Duke Energy Co. will post 5.97 earnings per share 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. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DUK. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. BMO Capital Markets upped their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Wells Fargo & Company raised their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Bank of America upped their price target on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Jefferies Financial Group began coverage on Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price for the company. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.