Radnor Capital Management LLC Has $1.12 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Radnor Capital Management LLC increased its stake in Duke Energy Co. (NYSE:DUK) by 24.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,703 shares of the utilities provider’s stock after acquiring an additional 1,915 shares during the quarter. Radnor Capital Management LLC’s holdings in Duke Energy were worth $1,119,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Catalina Capital Group LLC lifted its position in shares of Duke Energy by 13.3% in the 3rd quarter. Catalina Capital Group LLC now owns 3,511 shares of the utilities provider’s stock worth $405,000 after purchasing an additional 413 shares during the period. Pittenger & Anderson Inc. lifted its holdings in Duke Energy by 64.6% in the third quarter. Pittenger & Anderson Inc. now owns 5,350 shares of the utilities provider’s stock valued at $617,000 after buying an additional 2,100 shares during the period. Clarity Financial LLC boosted its position in Duke Energy by 7.5% during the third quarter. Clarity Financial LLC now owns 181,506 shares of the utilities provider’s stock valued at $20,928,000 after acquiring an additional 12,688 shares during the last quarter. United Advisor Group LLC acquired a new stake in Duke Energy during the 3rd quarter worth about $294,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of Duke Energy by 100.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 167 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on DUK. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group raised their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Morgan Stanley increased their target price on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. BMO Capital Markets lifted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Trading Down 0.4 %

Shares of Duke Energy stock opened at $113.62 on Thursday. The company has a market capitalization of $87.74 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47. The stock has a fifty day simple moving average of $115.89 and a 200 day simple moving average of $108.61. Duke Energy Co. has a 12-month low of $86.61 and a 12-month high of $121.25. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 yield of 3.68%. Duke Energy’s dividend payout ratio (DPR) is 76.98%.

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.