Icon Wealth Advisors LLC Boosts Position in Duke Energy Co. (NYSE:DUK)

Icon Wealth Advisors LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 259.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,095 shares of the utilities provider’s stock after buying an additional 3,676 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Duke Energy were worth $541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC lifted its holdings in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Duke Energy by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after buying an additional 40,243 shares during the last quarter. Swiss National Bank increased its position in Duke Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after buying an additional 6,500 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Duke Energy by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock valued at $182,101,000 after acquiring an additional 240,136 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.1 %

NYSE DUK opened at $114.70 on Friday. The company’s fifty day simple moving average is $115.14 and its 200-day simple moving average is $109.74. The stock has a market cap of $88.60 billion, a P/E ratio of 21.08, a PEG ratio of 3.03 and a beta of 0.47. Duke Energy Co. has a 52 week low of $89.92 and a 52 week high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) 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 business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business 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 $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.64%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Bank of America raised their price target on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets boosted their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. The Goldman Sachs Group raised their price objective on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Morgan Stanley reduced their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Scotiabank lifted their price target on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy 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.