AXS Investments LLC Cuts Stock Position in Duke Energy Co. (NYSE:DUK)

AXS Investments LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) 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 (NYSE:DUK) last posted its earnings results on Thursday, November 2nd. The utilities provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.92 by $0.02. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The firm had revenue of $7.99 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same period last year, the company earned $1.78 earnings per share. Duke Energy’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Duke Energy Co. will post 5.59 earnings per share for the current year.

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.