Catalyst Capital Advisors LLC Raises Position in Duke Energy Co. (NYSE:DUK)

Catalyst Capital Advisors LLC raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 100.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 334 shares of the utilities provider’s stock after acquiring an additional 167 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Duke Energy were worth $39,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Duality Advisers LP lifted its stake in shares of Duke Energy by 57.8% during the 1st quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after buying an additional 9,917 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Duke Energy by 9.4% during the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after acquiring an additional 9,334 shares during the period. Goodman Advisory Group LLC bought a new position in shares of Duke Energy in the second quarter worth about $2,888,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Duke Energy during the first quarter worth about $1,396,000. Finally, Capital Wealth Planning LLC raised its stake in Duke Energy by 1.6% during the 1st quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock valued at $190,845,000 after purchasing an additional 31,309 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of research analyst reports. Morgan Stanley increased their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. The Goldman Sachs Group increased their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Bank of America boosted their target price on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Evercore ISI raised their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Price Performance

DUK stock opened at $113.62 on Thursday. Duke Energy Co. has a 52 week low of $86.61 and a 52 week high of $121.25. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The company has a fifty day simple moving average of $115.89 and a two-hundred day simple moving average of $108.61. The firm has a market capitalization of $87.74 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.02 by $0.16. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. Analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced 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 is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.68%. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

About Duke Energy

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.