Curi RMB Capital LLC Sells 479 Shares of Duke Energy Co. (NYSE:DUK)

Curi RMB Capital LLC reduced its stake in shares of Duke Energy Co. (NYSE:DUK) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,690 shares of the utilities provider’s stock after selling 479 shares during the quarter. Curi RMB Capital LLC’s holdings in Duke Energy were worth $1,694,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DUK. KBC Group NV lifted its holdings in Duke Energy by 9.0% in the third quarter. KBC Group NV now owns 58,543 shares of the utilities provider’s stock worth $6,750,000 after buying an additional 4,847 shares during the period. ROI Financial Advisors LLC lifted its holdings in Duke Energy by 1.3% in the third quarter. ROI Financial Advisors LLC now owns 12,363 shares of the utilities provider’s stock worth $1,425,000 after buying an additional 157 shares during the period. Plato Investment Management Ltd lifted its holdings in Duke Energy by 12.9% in the third quarter. Plato Investment Management Ltd now owns 3,465 shares of the utilities provider’s stock worth $399,000 after buying an additional 397 shares during the period. Main Street Financial Solutions LLC lifted its holdings in Duke Energy by 68.1% in the third quarter. Main Street Financial Solutions LLC now owns 4,701 shares of the utilities provider’s stock worth $542,000 after buying an additional 1,904 shares during the period. Finally, D Orazio & Associates Inc. lifted its holdings in Duke Energy by 5.5% in the third quarter. D Orazio & Associates Inc. now owns 2,560 shares of the utilities provider’s stock worth $295,000 after buying an additional 133 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Trading Up 2.3 %

Shares of Duke Energy stock opened at $112.16 on Friday. The company’s fifty day simple moving average is $115.49 and its 200-day simple moving average is $109.10. The stock has a market capitalization of $86.64 billion, a PE ratio of 20.28, a P/E/G ratio of 2.93 and a beta of 0.47. Duke Energy Co. has a 1-year low of $88.27 and a 1-year high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter last year, the firm posted $1.94 EPS. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently declared 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. This represents a $4.18 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Barclays raised their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Scotiabank raised their price target on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $121.85.

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.