Crestwood Advisors Group LLC Trims Position in Duke Energy Co. (NYSE:DUK)

Crestwood Advisors Group LLC decreased its position in shares of Duke Energy Co. (NYSE:DUK) by 2.8% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,098 shares of the utilities provider’s stock after selling 146 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Duke Energy were worth $588,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fortitude Family Office LLC boosted 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 acquiring an additional 119 shares during the period. Olistico Wealth LLC purchased a new stake in Duke Energy during the 2nd quarter valued at approximately $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the third quarter valued at approximately $30,000. Cedar Wealth Management LLC boosted its position in shares of Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Duke Energy during the first quarter worth $36,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.4 %

DUK stock opened at $113.62 on Thursday. The firm’s fifty day simple moving average is $115.89 and its two-hundred day simple moving average is $108.61. The stock has a market capitalization of $87.74 billion, a price-to-earnings ratio of 20.92, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 3.68%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 76.98%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. BMO Capital Markets raised their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Barclays increased their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. upped their price target 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.