Allworth Financial LP Has $2.29 Million Position in Duke Energy Co. (NYSE:DUK)

Allworth Financial LP decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,815 shares of the utilities provider’s stock after selling 681 shares during the period. Allworth Financial LP’s holdings in Duke Energy were worth $2,285,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its holdings in shares of Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares during the period. Olistico Wealth LLC acquired a new position in Duke Energy in the second quarter valued at about $30,000. Northwest Investment Counselors LLC bought a new stake in Duke Energy during the third quarter worth about $30,000. Cedar Wealth Management LLC increased its holdings in shares of Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after buying an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new position in shares of Duke Energy in the 1st quarter worth approximately $36,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DUK. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Barclays boosted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group increased their price target on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Wells Fargo & Company boosted their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Finally, Bank of America lifted their target price on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Price Performance

Shares of DUK opened at $117.21 on Monday. The stock has a market cap of $90.51 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 3.27 and a beta of 0.46. Duke Energy Co. has a 1 year low of $86.61 and a 1 year high of $121.25. The stock’s 50-day moving average price is $115.61 and its two-hundred day moving average price is $107.63. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. On average, equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. Duke Energy’s payout ratio is 76.98%.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the transaction, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by insiders.

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.