Duke Energy Co. (NYSE:DUK) Shares Sold by Allen Capital Group LLC

by · The Markets Daily

Allen Capital Group LLC decreased its position in Duke Energy Co. (NYSE:DUK – Free Report) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,442 shares of the utilities provider’s stock after selling 290 shares during the quarter. Allen Capital Group LLC’s holdings in Duke Energy were worth $1,204,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DUK. EntryPoint Capital LLC purchased a new stake in shares of Duke Energy during the first quarter valued at $36,000. CreativeOne Wealth LLC lifted its holdings in shares of Duke Energy by 29.2% during the first quarter. CreativeOne Wealth LLC now owns 9,392 shares of the utilities provider’s stock valued at $908,000 after purchasing an additional 2,120 shares during the last quarter. 1832 Asset Management L.P. lifted its holdings in shares of Duke Energy by 8.7% during the first quarter. 1832 Asset Management L.P. now owns 24,645 shares of the utilities provider’s stock valued at $2,383,000 after purchasing an additional 1,964 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of Duke Energy during the first quarter valued at $65,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Duke Energy by 25.4% during the first quarter. Kestra Advisory Services LLC now owns 149,558 shares of the utilities provider’s stock valued at $14,464,000 after purchasing an additional 30,273 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Up 1.0 %

DUK opened at $114.86 on Friday. Duke Energy Co. has a fifty-two week low of $89.52 and a fifty-two week high of $121.25. The business has a 50-day moving average of $115.19 and a 200-day moving average of $109.59. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company has a market capitalization of $88.73 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.99 and a beta of 0.47.

Duke Energy (NYSE:DUK – Get Free Report) last issued 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). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the previous year, the business posted $1.94 earnings per share. The firm’s revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 76.84%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DUK shares. Mizuho raised 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. Scotiabank upped 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. JPMorgan Chase & Co. upped their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets upped their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Finally, Barclays upped 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. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $121.85.

View Our Latest Research Report 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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