Comprehensive Financial Consultants Institutional Inc. Has $1.08 Million Position in Duke Energy Co. (NYSE:DUK)

Comprehensive Financial Consultants Institutional Inc. increased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,349 shares of the utilities provider’s stock after buying an additional 107 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Duke Energy were worth $1,078,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

DUK has been the topic of a number of analyst reports. Bank of America upped their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Wells Fargo & Company increased their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Scotiabank boosted 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. JPMorgan Chase & Co. lifted their target price on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Barclays increased their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Down 2.2 %

Shares of NYSE DUK opened at $111.08 on Friday. The business has a 50-day moving average of $115.89 and a 200-day moving average of $108.61. The firm has a market capitalization of $85.78 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 3.07 and a beta of 0.47. Duke Energy Co. has a 12 month low of $86.61 and a 12 month high of $121.25. 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 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. Sell-side analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 76.98%.

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.