Wealth Dimensions Group Ltd. Lowers Position in Duke Energy Co. (NYSE:DUK)

Wealth Dimensions Group Ltd. trimmed its position in Duke Energy Co. (NYSE:DUKFree Report) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,460 shares of the utilities provider’s stock after selling 99 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Duke Energy were worth $1,667,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $30,000. Fortitude Family Office LLC lifted its holdings in shares of 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 purchasing an additional 119 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of Duke Energy in the 2nd quarter worth approximately $30,000. Sachetta LLC increased its position in Duke Energy by 41.9% during 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. Finally, Reston Wealth Management LLC purchased a new position in Duke Energy during the third quarter valued at $38,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.1 %

DUK stock opened at $114.70 on Friday. The company has a market cap of $88.60 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 3.03 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The business’s 50-day moving average is $115.14 and its two-hundred day moving average is $109.74. Duke Energy Co. has a fifty-two week low of $89.92 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) 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 business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the previous year, the business posted $1.94 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

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

Analyst Ratings Changes

DUK has been the subject of several analyst reports. Scotiabank raised their price target on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. Barclays boosted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.69.

Get Our Latest Stock Report on Duke Energy

About Duke Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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