Pitcairn Co. Has $694,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Pitcairn Co. reduced its stake in Duke Energy Co. (NYSE:DUK) by 14.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,020 shares of the utilities provider’s stock after selling 992 shares during the period. Pitcairn Co.’s holdings in Duke Energy were worth $694,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DUK. Fortitude Family Office LLC raised its holdings in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares during the period. Olistico Wealth LLC bought a new position in shares of Duke Energy during the second quarter worth approximately $30,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy during the 3rd quarter worth approximately $30,000. EntryPoint Capital LLC bought a new stake in Duke Energy in the 1st quarter valued at $36,000. Finally, Sachetta LLC grew its holdings in Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Down 0.1 %

DUK opened at $114.70 on Monday. The company’s 50 day moving average is $115.14 and its 200-day moving average is $109.80. The company has a market cap of $88.60 billion, a P/E ratio of 21.08, a PEG ratio of 3.03 and a beta of 0.47. Duke Energy Co. has a 1-year low of $89.92 and a 1-year high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last posted 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 return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the previous year, the firm posted $1.94 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is 76.84%.

Analysts Set New Price Targets

Several research firms recently commented on DUK. Morgan Stanley decreased their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays increased their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Jefferies Financial Group initiated coverage on Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Finally, The Goldman Sachs Group raised their price target on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

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.