Symons Capital Management Inc. lessened its stake in shares of Duke Energy Corp (NYSE:DUK) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,157 shares of the utilities provider’s stock after selling 13,402 shares during the quarter. Duke Energy comprises about 5.0% of Symons Capital Management Inc.’s holdings, making the stock its 2nd biggest holding. Symons Capital Management Inc.’s holdings in Duke Energy were worth $10,752,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. Atwater Malick LLC purchased a new stake in Duke Energy in the 3rd quarter valued at $26,000. Selective Wealth Management Inc. purchased a new stake in Duke Energy in the 3rd quarter valued at $36,000. Redhawk Wealth Advisors Inc. purchased a new stake in Duke Energy in the 2nd quarter valued at $34,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy in the 3rd quarter valued at $38,000. Finally, Ellevest Inc. raised its position in Duke Energy by 334.8% in the 2nd quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 60.32% of the company’s stock.
Several analysts recently commented on DUK shares. SunTrust Banks set a $96.00 price target on shares of Duke Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $91.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Citigroup reduced their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Morgan Stanley upped their price target on shares of Duke Energy from $95.00 to $96.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Finally, Credit Suisse Group upped their price target on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $95.00.
NYSE:DUK traded down $2.63 on Friday, reaching $89.95. The stock had a trading volume of 6,023,566 shares, compared to its average volume of 3,026,935. The company has a market cap of $67.87 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 3.84 and a beta of 0.07. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.71 and a quick ratio of 0.47. The firm’s fifty day moving average is $95.22 and its two-hundred day moving average is $90.74. Duke Energy Corp has a 12-month low of $82.46 and a 12-month high of $97.37.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 8th. The utilities provider reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.10. The business had revenue of $6.94 billion for the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS. As a group, research analysts forecast that Duke Energy Corp will post 4.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.945 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.78 annualized dividend and a dividend yield of 4.20%. Duke Energy’s payout ratio is currently 80.08%.
Duke Energy Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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