Empower Advisory Group LLC Has $129.70 Million Position in Duke Energy Co. (NYSE:DUK)

Empower Advisory Group LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,124,889 shares of the utilities provider’s stock after acquiring an additional 20,334 shares during the period. Empower Advisory Group LLC owned 0.15% of Duke Energy worth $129,700,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Duke Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after acquiring an additional 324,289 shares during the period. Capital Research Global Investors boosted its position in shares of Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after purchasing an additional 352,320 shares in the last quarter. Pathway Financial Advisers LLC boosted 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 worth $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Duke Energy by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Finally, Mackenzie Financial Corp boosted 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 worth $205,769,000 after purchasing an additional 813,744 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $111.89 on Wednesday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $86.43 billion, a P/E ratio of 20.57, a P/E/G ratio of 3.07 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 firm has a 50-day moving average price of $115.81 and a two-hundred day moving average price of $108.97.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data 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). The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.94 EPS. Analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DUK. BMO Capital Markets lifted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.85.

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.