Duke Energy Co. (NYSE:DUK) is BCM Advisors LLC’s 10th Largest Position

BCM Advisors LLC decreased its stake in Duke Energy Co. (NYSE:DUK) by 0.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,320 shares of the utilities provider’s stock after selling 272 shares during the quarter. Duke Energy makes up 1.6% of BCM Advisors LLC’s portfolio, making the stock its 10th biggest holding. BCM Advisors LLC’s holdings in Duke Energy were worth $6,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Fortitude Family Office LLC boosted its stake in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares during the last quarter. Olistico Wealth LLC bought a new position in Duke Energy during the second quarter valued at $30,000. Northwest Investment Counselors LLC purchased a new position in shares of Duke Energy in the 3rd quarter worth $30,000. Cedar Wealth Management LLC increased its holdings in shares of Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after buying an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Duke Energy during the 1st quarter worth approximately $36,000. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on DUK. Evercore ISI raised their target price on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. BMO Capital Markets boosted their price objective on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Wells Fargo & Company upped their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Scotiabank increased their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. 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 target price of $121.85.

Duke Energy Stock Performance

Shares of DUK opened at $111.27 on Thursday. The company’s 50 day moving average price is $115.73 and its 200 day moving average price is $109.07. The company has a market capitalization of $85.95 billion, a PE ratio of 20.45, a PEG ratio of 3.06 and a beta of 0.47. Duke Energy Co. has a 52 week low of $88.27 and a 52 week high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. Research analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is 76.84%.

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.