Duke Energy Co. (NYSE:DUK) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC reduced its position in shares of Duke Energy Co. (NYSE:DUK) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 33,887 shares of the utilities provider’s stock after selling 419 shares during the quarter. Apollon Wealth Management LLC’s holdings in Duke Energy were worth $3,907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its stake in 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 valued at $781,500,000 after purchasing an additional 6,719,398 shares during the last quarter. International Assets Investment Management LLC increased its stake in Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after buying an additional 1,117,526 shares during the period. Mackenzie Financial Corp lifted its position in Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the period. Wulff Hansen & CO. grew its holdings in Duke Energy by 9,923.0% during the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after acquiring an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON bought a new stake in Duke Energy during the first quarter worth approximately $36,278,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Scotiabank raised their price target on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group increased 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 equities 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 has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Down 0.5 %

Duke Energy stock opened at $111.89 on Wednesday. Duke Energy Co. has a fifty-two week low of $86.61 and a fifty-two week high of $121.25. The firm has a market capitalization of $86.40 billion, a PE ratio of 20.57, a P/E/G ratio of 3.09 and a beta of 0.47. The company’s 50-day moving average is $115.81 and its 200-day moving average is $108.97. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.94 earnings per share. Sell-side analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently announced 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 3.74%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.84%.

Duke Energy 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.