Capital Performance Advisors LLP Makes New Investment in Duke Energy Co. (NYSE:DUK)

Capital Performance Advisors LLP acquired a new position in Duke Energy Co. (NYSE:DUK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 727 shares of the utilities provider’s stock, valued at approximately $84,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DUK. Fortitude Family Office LLC boosted its position in shares of Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares during the last quarter. Olistico Wealth LLC purchased a new stake in shares of Duke Energy during the 2nd quarter valued at about $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy in the third quarter worth approximately $30,000. Cedar Wealth Management LLC raised its holdings in shares of Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Duke Energy during the first quarter valued at approximately $36,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $113.23 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a 52 week low of $86.61 and a 52 week high of $121.25. The stock’s 50-day simple moving average is $115.84 and its 200-day simple moving average is $108.73. The company has a market capitalization of $87.44 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 3.07 and a beta of 0.47.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data 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 14.29% and a return on equity of 9.71%. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same period last year, the business earned $1.94 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. As a group, analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of research reports. Barclays boosted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Wells Fargo & Company raised their target price on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. BMO Capital Markets upped their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Jefferies Financial Group began coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price for the company. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

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.