Glenmede Trust Co. NA Has $9.85 Million Holdings in Duke Energy Co. (NYSE:DUK)

Glenmede Trust Co. NA decreased its position in shares of Duke Energy Co. (NYSE:DUK) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,404 shares of the utilities provider’s stock after selling 3,953 shares during the period. Glenmede Trust Co. NA’s holdings in Duke Energy were worth $9,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC raised its position in Duke Energy by 0.5% in the 3rd quarter. Townsquare Capital LLC now owns 114,592 shares of the utilities provider’s stock valued at $13,213,000 after purchasing an additional 604 shares during the last quarter. Cadence Bank increased its stake in shares of Duke Energy by 4.5% in the third quarter. Cadence Bank now owns 8,688 shares of the utilities provider’s stock valued at $1,002,000 after buying an additional 371 shares in the last quarter. Avestar Capital LLC raised its holdings in shares of Duke Energy by 4.7% in the third quarter. Avestar Capital LLC now owns 4,061 shares of the utilities provider’s stock valued at $468,000 after buying an additional 184 shares during the last quarter. Covington Investment Advisors Inc. lifted its position in Duke Energy by 0.6% during the 3rd quarter. Covington Investment Advisors Inc. now owns 49,688 shares of the utilities provider’s stock worth $5,729,000 after buying an additional 286 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in Duke Energy by 1.2% during the 3rd quarter. D.A. Davidson & CO. now owns 218,570 shares of the utilities provider’s stock worth $25,201,000 after acquiring an additional 2,550 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a report on Thursday, August 29th. 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. Scotiabank upped their price target on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Finally, Morgan Stanley lowered their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.69.

Duke Energy Stock Down 0.3 %

Shares of NYSE:DUK opened at $117.12 on Friday. The company has a 50 day moving average price of $115.18 and a two-hundred day moving average price of $110.18. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company has a market capitalization of $90.47 billion, a PE ratio of 21.53, a PEG ratio of 3.10 and a beta of 0.47. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period in the previous year, the business posted $1.94 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. Duke Energy’s payout ratio is 76.84%.

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.