Duke Energy Co. (NYSE:DUK) Position Increased by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC increased its holdings in Duke Energy Co. (NYSE:DUK) by 259.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,095 shares of the utilities provider’s stock after buying an additional 3,676 shares during the period. Icon Wealth Advisors LLC’s holdings in Duke Energy were worth $541,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of DUK. Janus Henderson Group PLC boosted its stake in Duke Energy by 9.4% in the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after acquiring an additional 9,334 shares during the period. Goodman Advisory Group LLC bought a new position in Duke Energy during the 2nd quarter worth $2,888,000. PrairieView Partners LLC bought a new stake in Duke Energy in the second quarter valued at $501,000. Marshall Financial Group LLC boosted its holdings in shares of Duke Energy by 158.9% during the third quarter. Marshall Financial Group LLC now owns 8,483 shares of the utilities provider’s stock valued at $978,000 after acquiring an additional 5,206 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Duke Energy by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,203,916 shares of the utilities provider’s stock worth $116,431,000 after acquiring an additional 16,735 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.1 %

Duke Energy stock opened at $114.70 on Friday. Duke Energy Co. has a 1 year low of $89.92 and a 1 year high of $121.25. The firm’s 50 day moving average price is $115.14 and its two-hundred day moving average price is $109.74. The firm has a market cap of $88.60 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 3.03 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 (NYSE:DUK) last announced its earnings results 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 return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period last year, the firm earned $1.94 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, research analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced 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 3.64%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is 76.84%.

Analysts Set New Price Targets

A number of research firms have issued reports on DUK. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Bank of America raised their target price on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Barclays boosted 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. JPMorgan Chase & Co. lifted 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. Finally, KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Company 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.