Chartwell Investment Partners LLC Has $8.66 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Chartwell Investment Partners LLC lessened its stake in Duke Energy Co. (NYSE:DUK) by 1.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 75,113 shares of the utilities provider’s stock after selling 1,144 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Duke Energy were worth $8,661,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DUK. PBMares Wealth Management LLC boosted its position in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after buying an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in shares of Duke Energy by 2.1% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 90 shares in the last quarter. Castleview Partners LLC grew its position in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 90 shares during the last quarter. Kanawha Capital Management LLC increased its holdings in Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 92 shares in the last quarter. Finally, Chicago Capital LLC boosted its stake in shares of Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after purchasing an additional 93 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $113.23 on Monday. The business’s 50-day moving average price is $115.84 and its 200-day moving average price is $108.87. The firm has a market capitalization of $87.44 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 3.10 and a beta of 0.47. Duke Energy Co. has a 12 month low of $86.61 and a 12 month high of $121.25. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56.

Duke Energy (NYSE:DUK) last posted its quarterly 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). Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business 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 posted $1.94 earnings per share. The company’s revenue was up 2.1% compared to the same quarter last year. Sell-side analysts forecast that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.69%. Duke Energy’s dividend payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. 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. The Goldman Sachs Group increased their price objective on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company increased their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Jefferies Financial Group assumed coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price 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.