Cantor Fitzgerald Investment Advisors L.P. Sells 231 Shares of Duke Energy Co. (NYSE:DUK)

Cantor Fitzgerald Investment Advisors L.P. cut its stake in shares of Duke Energy Co. (NYSE:DUK) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,736 shares of the utilities provider’s stock after selling 231 shares during the period. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Duke Energy were worth $15,535,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Duke Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after acquiring an additional 324,289 shares during the period. Capital Research Global Investors boosted its position in shares of Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after purchasing an additional 352,320 shares in the last quarter. Pathway Financial Advisers LLC grew its holdings in shares of 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 valued at $781,500,000 after buying an additional 6,719,398 shares during the period. Envestnet Asset Management Inc. raised its stake 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 period. Finally, Mackenzie Financial Corp lifted its holdings in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DUK shares. Morgan Stanley increased their target price on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Jefferies Financial Group began coverage on Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price on the stock. Scotiabank upped 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, Wells Fargo & Company raised their target price on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Stock Down 0.1 %

Shares of DUK opened at $117.06 on Tuesday. The firm’s 50 day moving average is $115.70 and its 200-day moving average is $107.78. 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. The stock has a market capitalization of $90.39 billion, a PE ratio of 21.56, a P/E/G ratio of 3.27 and a beta of 0.46.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter last year, the business earned $0.91 earnings per share. Duke Energy’s revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The firm 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 $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.98%.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.

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.