Mount Yale Investment Advisors LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 12.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,564 shares of the utilities provider’s stock after selling 1,690 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Duke Energy were worth $1,333,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in DUK. Fortitude Family Office LLC grew its holdings in Duke Energy by 69.6% in the 2nd 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 acquired a new stake in shares of Duke Energy in the second quarter worth approximately $30,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy in the third quarter valued at approximately $30,000. Cedar Wealth Management LLC increased its position in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Duke Energy during the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.
Duke Energy Stock Performance
Duke Energy stock opened at $117.21 on Friday. Duke Energy Co. has a 52 week low of $86.61 and a 52 week high of $121.25. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The stock has a market cap of $90.46 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The stock has a 50 day moving average of $115.51 and a 200-day moving average of $107.33.
Duke Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 105.03%.
Insider Transactions at Duke Energy
In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on DUK shares. Barclays upped their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price target on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday. Scotiabank increased their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI lifted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.85.
Check Out Our Latest Report on DUK
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.
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