Duke Energy Co. (NYSE:DUK) Shares Bought by Providence Capital Advisors LLC

Providence Capital Advisors LLC raised its holdings in Duke Energy Co. (NYSE:DUK) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,745 shares of the utilities provider’s stock after buying an additional 293 shares during the period. Providence Capital Advisors LLC’s holdings in Duke Energy were worth $4,352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DUK. Pathway Financial Advisers LLC increased its position in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Duke Energy by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Swiss National Bank increased its position in shares of Duke Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after purchasing an additional 6,500 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of 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 purchasing an additional 813,744 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Duke Energy by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock worth $182,101,000 after purchasing an additional 240,136 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DUK. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Scotiabank boosted their price target on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Barclays boosted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Bank of America boosted their price target on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $135.00 price target 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.69.

Duke Energy Price Performance

Shares of DUK opened at $117.41 on Thursday. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The stock’s 50 day moving average is $115.12 and its two-hundred day moving average is $110.03. The firm has a market capitalization of $90.70 billion, a PE ratio of 21.58, a P/E/G ratio of 3.03 and a beta of 0.47. 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 (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 EPS. Research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend 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%.

Duke Energy Company 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.