Duke Energy Co. (NYSE:DUK) Shares Sold by Capasso Planning Partners LLC

Capasso Planning Partners LLC cut its position in shares of Duke Energy Co. (NYSE:DUK) by 11.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,837 shares of the utilities provider’s stock after selling 247 shares during the quarter. Capasso Planning Partners LLC’s holdings in Duke Energy were worth $212,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Old North State Trust LLC raised its position in shares of Duke Energy by 0.6% during the 3rd quarter. Old North State Trust LLC now owns 27,125 shares of the utilities provider’s stock worth $3,128,000 after purchasing an additional 169 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of Duke Energy by 3.0% in the third quarter. Tidal Investments LLC now owns 24,787 shares of the utilities provider’s stock worth $2,858,000 after acquiring an additional 719 shares during the last quarter. Blankinship & Foster LLC acquired a new stake in shares of Duke Energy during the third quarter valued at $4,695,000. Destination Wealth Management increased its position in Duke Energy by 27.9% during the 3rd quarter. Destination Wealth Management now owns 4,895 shares of the utilities provider’s stock worth $564,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its stake in Duke Energy by 250.1% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 31,260 shares of the utilities provider’s stock valued at $3,604,000 after purchasing an additional 22,332 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.4 %

NYSE DUK opened at $109.16 on Friday. The firm has a market capitalization of $84.32 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.90 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The company’s 50 day moving average price is $114.49 and its 200 day moving average price is $110.75.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 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 analysts’ expectations of $8.06 billion. During the same period in the prior year, the business posted $1.94 EPS. The business’s revenue was up 2.1% on a year-over-year basis. On average, sell-side analysts predict that Duke Energy Co. will post 5.95 EPS for the current 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 given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is 76.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DUK shares. Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets upped their target price on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, Bank of America raised their price target on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $122.23.

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.