1ST Source Bank Sells 138 Shares of Duke Energy Co. (NYSE:DUK)

1ST Source Bank lowered its stake in shares of Duke Energy Co. (NYSE:DUK) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,043 shares of the utilities provider’s stock after selling 138 shares during the period. 1ST Source Bank’s holdings in Duke Energy were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in Duke Energy by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after acquiring an additional 442,302 shares during the period. Pathway Financial Advisers LLC increased its holdings in Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares during the period. Envestnet Asset Management Inc. raised its position in Duke Energy by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after buying an additional 40,243 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Duke Energy by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock valued at $264,111,000 after acquiring an additional 6,500 shares during the last quarter. Finally, Groupama Asset Managment acquired a new position in Duke Energy during the third quarter valued at $2,537,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

NYSE DUK traded up $0.50 during trading hours on Friday, hitting $109.66. 1,395,917 shares of the company’s stock traded hands, compared to its average volume of 3,047,206. The firm’s 50-day moving average is $114.49 and its 200-day moving average is $110.75. Duke Energy Co. has a 52-week low of $90.09 and a 52-week 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. The company has a market capitalization of $84.71 billion, a PE ratio of 20.07, a PEG ratio of 2.90 and a beta of 0.47.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period last year, the company earned $1.94 EPS. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts forecast that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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 $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.81%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DUK. Bank of America boosted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets boosted their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Royal Bank of Canada restated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research report on Thursday, August 29th. Barclays boosted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group initiated coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $122.23.

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.