Duke Energy Co. (NYSE:DUK) Stock Position Decreased by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC lessened its holdings in shares of Duke Energy Co. (NYSE:DUK) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,330 shares of the utilities provider’s stock after selling 1,094 shares during the period. Phillips Wealth Planners LLC’s holdings in Duke Energy were worth $638,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DUK. Pathway Financial Advisers LLC grew its position in shares of Duke Energy by 11,471.4% during 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 last quarter. International Assets Investment Management LLC grew its position in Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp grew its position in Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the last quarter. Wulff Hansen & CO. grew its position in Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after purchasing an additional 761,590 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new position in Duke Energy in the 1st quarter worth about $36,278,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 2.3 %

DUK stock opened at $112.67 on Friday. Duke Energy Co. has a 12 month low of $86.61 and a 12 month high of $121.25. The firm has a market cap of $87.00 billion, a PE ratio of 20.75, a P/E/G ratio of 3.11 and a beta of 0.46. The firm has a 50 day simple moving average of $115.84 and a 200 day simple moving average of $108.14. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last released 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 business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the business earned $0.91 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. Equities research analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.71%. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

Analysts Set New Price Targets

Several research analysts have commented on DUK shares. Evercore ISI upped their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Morgan Stanley upped 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 report on Wednesday, September 25th. Royal Bank of Canada restated an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research report on Thursday, August 29th. Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Finally, BMO Capital Markets upped their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Insider Activity at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

About Duke Energy

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.