Logan Capital Management Inc. Sells 443 Shares of Duke Energy Co. (NYSE:DUK)

Logan Capital Management Inc. trimmed its holdings in Duke Energy Co. (NYSE:DUK) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,248 shares of the utilities provider’s stock after selling 443 shares during the period. Logan Capital Management Inc.’s holdings in Duke Energy were worth $3,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legacy Investment Solutions LLC purchased a new position in shares of Duke Energy in the third quarter valued at $29,000. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 3rd quarter worth about $30,000. Sachetta LLC grew its holdings in Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after buying an additional 96 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of Duke Energy during the third quarter valued at about $38,000. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Duke Energy by 100.0% in the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 167 shares during the period. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Down 0.3 %

DUK stock opened at $108.81 on Friday. The company has a market capitalization of $84.05 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.90 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 Co. has a one year low of $90.09 and a one year high of $121.25. The company’s 50 day moving average price is $114.38 and its two-hundred day moving average price is $110.80.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the prior year, the firm earned $1.94 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, analysts predict that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared 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 of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.84%. Duke Energy’s payout ratio is 76.84%.

Analyst Ratings Changes

Several analysts have issued reports on DUK shares. Morgan Stanley lowered their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Bank of America lifted their price objective on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. BMO Capital Markets lifted their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

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.