AXS Investments LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 36.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 308 shares of the utilities provider’s stock after selling 177 shares during the quarter. AXS Investments LLC’s holdings in Duke Energy were worth $28,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Norwood Financial Corp bought a new position in Duke Energy during the 2nd quarter valued at about $27,000. Impact Partnership Wealth LLC bought a new position in shares of Duke Energy during the second quarter valued at approximately $28,000. Horizon Bancorp Inc. IN raised its holdings in shares of Duke Energy by 200.0% in the second quarter. Horizon Bancorp Inc. IN now owns 312 shares of the utilities provider’s stock worth $28,000 after buying an additional 208 shares during the period. Chilton Capital Management LLC bought a new stake in shares of Duke Energy during the 1st quarter worth approximately $28,000. Finally, Fairfield Bush & CO. purchased a new position in Duke Energy during the 1st quarter valued at $40,000. Institutional investors own 63.68% of the company’s stock.
Duke Energy Trading Down 0.8 %
NYSE:DUK opened at $89.30 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 1.43. The firm has a fifty day simple moving average of $89.56 and a 200-day simple moving average of $90.88. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $106.43. The company has a market capitalization of $68.82 billion, a P/E ratio of 56.88, a PEG ratio of 2.63 and a beta of 0.45.
Duke Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a $1.025 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.10 dividend on an annualized basis and a yield of 4.59%. Duke Energy’s payout ratio is 261.15%.
Analysts Set New Price Targets
DUK has been the subject of several research analyst reports. Morgan Stanley decreased their target price on Duke Energy from $98.00 to $93.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 25th. Barclays upped their price target on shares of Duke Energy from $96.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, September 14th. KeyCorp cut their target price on Duke Energy from $109.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, October 5th. Mizuho decreased their price target on shares of Duke Energy from $92.00 to $91.00 and set a “neutral” rating for the company in a research report on Friday, August 25th. Finally, StockNews.com raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Hold” and a consensus price target of $98.36.
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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.
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