Duke Energy Co. (NYSE:DUK) Shares Sold by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC trimmed its position in Duke Energy Co. (NYSE:DUK) by 35.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,472 shares of the utilities provider’s stock after selling 3,029 shares during the quarter. Infrastructure Capital Advisors LLC’s holdings in Duke Energy were worth $631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DUK. Pathway Financial Advisers LLC boosted its holdings in 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 purchasing an additional 6,719,398 shares during the last quarter. International Assets Investment Management LLC boosted its holdings 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 valued at $129,782,000 after purchasing an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of 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 acquiring an additional 813,744 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of 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 acquiring an additional 761,590 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Duke Energy by 187.8% in the 1st quarter. Cetera Investment Advisers now owns 456,821 shares of the utilities provider’s stock worth $44,179,000 after acquiring an additional 298,117 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Trading Up 0.3 %

Shares of NYSE:DUK opened at $117.42 on Friday. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The company’s 50 day moving average is $115.17 and its two-hundred day moving average is $110.09. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The company has a market cap of $90.70 billion, a PE ratio of 21.58, a P/E/G ratio of 3.10 and a beta of 0.47.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the prior year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

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 given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the topic of several recent analyst reports. Barclays upped 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. Morgan Stanley decreased their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday, November 22nd. Evercore ISI upped 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. Jefferies Financial Group initiated coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus price target of $121.69.

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.