OneDigital Investment Advisors LLC Reduces Stake in Duke Energy Co. (NYSE:DUK)

OneDigital Investment Advisors LLC cut its stake in shares of Duke Energy Co. (NYSE:DUK) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,990 shares of the utilities provider’s stock after selling 3,317 shares during the period. OneDigital Investment Advisors LLC’s holdings in Duke Energy were worth $5,879,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. 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 period. Olistico Wealth LLC purchased a new position in shares of Duke Energy during the second quarter worth about $30,000. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy in the third quarter worth approximately $30,000. Cedar Wealth Management LLC raised its stake in Duke Energy by 101.2% in the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Duke Energy in the 1st quarter worth approximately $36,000. 65.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DUK has been the subject of several research reports. 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. JPMorgan Chase & Co. raised their price objective on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Evercore ISI boosted their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group lifted their target price 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. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Stock Up 2.3 %

Shares of Duke Energy stock opened at $112.16 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12-month low of $88.27 and a 12-month high of $121.25. The company has a market cap of $86.64 billion, a P/E ratio of 20.62, a PEG ratio of 2.93 and a beta of 0.47. The company’s fifty day simple moving average is $115.49 and its two-hundred day simple moving average is $109.10.

Duke Energy (NYSE:DUK) last released its quarterly earnings results 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). The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.94 earnings per share. Research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

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 issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.73%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

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.