Avior Wealth Management LLC Sells 91 Shares of Duke Energy Co. (NYSE:DUK)

Avior Wealth Management LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.2% in the third quarter, Holdings Channel.com reports. The firm owned 7,302 shares of the utilities provider’s stock after selling 91 shares during the period. Avior Wealth Management LLC’s holdings in Duke Energy were worth $842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DUK. Pathway Financial Advisers LLC increased its position in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Duke Energy by 13,829.1% during the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares in the last quarter. Wulff Hansen & CO. grew its position in Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after purchasing an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON bought a new stake in Duke Energy in the 1st quarter worth approximately $36,278,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 0.2 %

Shares of Duke Energy stock opened at $113.78 on Thursday. The company has a fifty day moving average of $115.21 and a 200 day moving average of $109.56. Duke Energy Co. has a fifty-two week low of $88.73 and a fifty-two week high of $121.25. The company has a market capitalization of $87.89 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.96 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 released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the company earned $1.94 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm 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 dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is 76.84%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DUK shares. Wells Fargo & Company lifted their target price 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. Morgan Stanley lifted their target price on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. The Goldman Sachs Group lifted their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Scotiabank lifted their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Bank of America boosted their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $121.85.

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.