Comprehensive Financial Consultants Institutional Inc. Acquires 107 Shares of Duke Energy Co. (NYSE:DUK)

Comprehensive Financial Consultants Institutional Inc. boosted its stake in Duke Energy Co. (NYSE:DUK) by 1.2% in the third quarter, HoldingsChannel reports. The firm owned 9,349 shares of the utilities provider’s stock after acquiring an additional 107 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Duke Energy were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DUK. Duality Advisers LP raised its stake in Duke Energy by 57.8% during the 1st quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after purchasing an additional 9,917 shares during the period. Janus Henderson Group PLC grew its stake in shares of Duke Energy by 9.4% during the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after buying an additional 9,334 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in Duke Energy in the second quarter worth $2,888,000. Jupiter Asset Management Ltd. bought a new stake in Duke Energy during the 1st quarter valued at about $1,396,000. Finally, Capital Wealth Planning LLC boosted its holdings in shares of Duke Energy by 1.6% in the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock valued at $190,845,000 after purchasing an additional 31,309 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets increased their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Wells Fargo & Company upped their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Scotiabank raised their price objective on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average price target of $121.85.

Duke Energy Trading Down 2.2 %

NYSE DUK opened at $111.08 on Friday. The firm’s fifty day moving average is $115.89 and its two-hundred day moving average is $108.61. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The firm has a market cap of $85.78 billion, a PE ratio of 20.46, a P/E/G ratio of 3.07 and a beta of 0.47. Duke Energy Co. has a one year low of $86.61 and a one year high of $121.25.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter in the prior year, the business posted $0.91 earnings per share. Duke Energy’s revenue was up 9.0% compared to the same quarter last year. Analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

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.