Camden National Bank Sells 369 Shares of Duke Energy Co. (NYSE:DUK)

by · The Cerbat Gem

Camden National Bank cut its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,248 shares of the utilities provider’s stock after selling 369 shares during the period. Camden National Bank’s holdings in Duke Energy were worth $8,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in shares of Duke Energy by 9.4% in the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock worth $10,520,000 after purchasing an additional 9,334 shares in the last quarter. Goodman Advisory Group LLC purchased a new position in Duke Energy during the second quarter valued at $2,888,000. PrairieView Partners LLC purchased a new position in Duke Energy during the second quarter valued at $501,000. Marshall Financial Group LLC grew its stake in Duke Energy by 158.9% during the third quarter. Marshall Financial Group LLC now owns 8,483 shares of the utilities provider’s stock valued at $978,000 after acquiring an additional 5,206 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Duke Energy by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,203,916 shares of the utilities provider’s stock valued at $116,431,000 after acquiring an additional 16,735 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.1 %

NYSE:DUK opened at $114.70 on Friday. Duke Energy Co. has a one year low of $89.92 and a one year high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The firm has a market cap of $88.60 billion, a P/E ratio of 21.08, a P/E/G ratio of 3.03 and a beta of 0.47. The firm has a 50-day simple moving average of $115.14 and a 200-day simple moving average of $109.69.

Duke Energy (NYSE:DUK – Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. Duke Energy’s dividend payout ratio is currently 76.84%.

Analyst Ratings Changes

A number of equities analysts have commented on DUK shares. The Goldman Sachs Group lifted their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Evercore ISI lifted their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Barclays lifted their price objective 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. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company raised their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $121.69.

View Our Latest Analysis on DUK

Duke Energy Company Profile

(Free Report)

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.

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