Allen Capital Group LLC Sells 290 Shares of Duke Energy Co. (NYSE:DUK)

Allen Capital Group LLC reduced its holdings in Duke Energy Co. (NYSE:DUK) by 2.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,442 shares of the utilities provider’s stock after selling 290 shares during the period. Allen Capital Group LLC’s holdings in Duke Energy were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. PBMares Wealth Management LLC boosted its position in Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its position in Duke Energy by 2.1% during the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after purchasing an additional 90 shares during the last quarter. Castleview Partners LLC boosted its position in Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. Kanawha Capital Management LLC boosted its position in Duke Energy by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its position in Duke Energy by 3.5% during the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 92 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Trading Up 1.0 %

Shares of NYSE:DUK opened at $114.86 on Friday. The business’s 50 day simple moving average is $115.19 and its 200 day simple moving average is $109.59. The company has a market capitalization of $88.73 billion, a P/E ratio of 21.11, a P/E/G ratio of 2.99 and a beta of 0.47. Duke Energy Co. has a 1 year low of $89.52 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 issued 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). The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 EPS. On average, research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current fiscal 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 issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.84%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Morgan Stanley upped their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Barclays upped their price objective on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Finally, Evercore ISI increased their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Company 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.