Beck Bode LLC Sells 595 Shares of Duke Energy Corp (NYSE:DUK)

Beck Bode LLC lessened its position in shares of Duke Energy Corp (NYSE:DUK) by 10.4% during the 3rd quarter, Holdings reports. The firm owned 5,152 shares of the utilities provider’s stock after selling 595 shares during the quarter. Beck Bode LLC’s holdings in Duke Energy were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atwater Malick LLC acquired a new stake in shares of Duke Energy during the 3rd quarter valued at about $26,000. Selective Wealth Management Inc. bought a new stake in Duke Energy in the third quarter valued at about $36,000. Redhawk Wealth Advisors Inc. acquired a new position in Duke Energy in the second quarter worth about $34,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy in the third quarter worth about $38,000. Finally, Ellevest Inc. lifted its stake in Duke Energy by 334.8% during the second quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 308 shares during the period. Institutional investors and hedge funds own 60.21% of the company’s stock.

Shares of NYSE:DUK traded up $0.18 during trading on Tuesday, reaching $87.47. The stock had a trading volume of 540,329 shares, compared to its average volume of 4,866,978. Duke Energy Corp has a 52 week low of $82.46 and a 52 week high of $97.37. The business’s 50-day moving average price is $91.56 and its 200 day moving average price is $90.62. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.72 and a quick ratio of 0.49. The stock has a market capitalization of $64.28 billion, a PE ratio of 18.53, a P/E/G ratio of 3.63 and a beta of 0.05.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.79 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.10. Duke Energy had a return on equity of 8.24% and a net margin of 14.10%. The business had revenue of $6.94 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same period in the prior year, the company earned $1.65 EPS. Duke Energy’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that Duke Energy Corp will post 5.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.945 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.78 dividend on an annualized basis and a dividend yield of 4.32%. Duke Energy’s dividend payout ratio (DPR) is presently 80.08%.

Several research firms have recently weighed in on DUK. Mizuho initiated coverage on Duke Energy in a research note on Friday, November 22nd. They issued a “neutral” rating and a $90.00 price objective on the stock. Morgan Stanley raised their target price on Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Credit Suisse Group boosted their price target on Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Goldman Sachs Group upgraded Duke Energy from a “sell” rating to a “buy” rating and upped their price target for the company from $88.00 to $93.00 in a research report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. increased their price objective on Duke Energy from $91.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $94.10.

About Duke Energy

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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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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