BCM Advisors LLC Sells 272 Shares of Duke Energy Co. (NYSE:DUK)

BCM Advisors LLC cut its stake in shares of Duke Energy Co. (NYSE:DUK) by 0.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,320 shares of the utilities provider’s stock after selling 272 shares during the quarter. Duke Energy makes up 1.6% of BCM Advisors LLC’s portfolio, making the stock its 10th largest holding. BCM Advisors LLC’s holdings in Duke Energy were worth $6,787,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares during the last quarter. Olistico Wealth LLC acquired a new stake in shares of Duke Energy during the 2nd quarter worth approximately $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the third quarter worth approximately $30,000. Cedar Wealth Management LLC grew its holdings in Duke Energy by 101.2% during the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 169 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at $36,000. 65.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DUK shares. JPMorgan Chase & Co. boosted their target price on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Bank of America increased their target price on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, The Goldman Sachs Group increased 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. Six 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Performance

NYSE DUK opened at $111.27 on Thursday. Duke Energy Co. has a 52-week low of $88.27 and a 52-week high of $121.25. The stock has a market cap of $85.95 billion, a PE ratio of 20.45, a P/E/G ratio of 3.06 and a beta of 0.47. The firm has a 50-day moving average of $115.73 and a 200-day moving average of $109.07. 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 (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.76%. Duke Energy’s dividend 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.