Duke Energy Co. (NYSE:DUK) Shares Sold by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC lowered its stake in shares of Duke Energy Co. (NYSE:DUK) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,752 shares of the utilities provider’s stock after selling 162 shares during the quarter. Glen Eagle Advisors LLC’s holdings in Duke Energy were worth $663,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DUK. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy in the 3rd quarter valued at approximately $30,000. Sachetta LLC raised its position in shares of Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in Duke Energy during the third quarter worth approximately $38,000. Catalyst Capital Advisors LLC boosted its holdings in Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 167 shares in the last quarter. Finally, Carolina Wealth Advisors LLC raised its holdings in Duke Energy by 82.7% during the third quarter. Carolina Wealth Advisors LLC now owns 360 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on DUK shares. BMO Capital Markets raised their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Bank of America lifted their target price 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. The Goldman Sachs Group raised their price objective 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. Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Finally, Scotiabank upped their price objective on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. 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 a consensus target price of $121.69.

Duke Energy Stock Performance

Shares of DUK opened at $112.04 on Friday. The company has a market capitalization of $86.55 billion, a PE ratio of 20.60, a P/E/G ratio of 2.99 and a beta of 0.47. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The company has a 50-day simple moving average of $115.01 and a 200-day simple moving average of $110.49. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its quarterly 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). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same period last year, the firm earned $1.94 EPS. Duke Energy’s revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

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.