FSA Wealth Management LLC Buys Shares of 437 Duke Energy Co. (NYSE:DUK)

FSA Wealth Management LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 437 shares of the utilities provider’s stock, valued at approximately $50,000.

Several other large investors have also bought and sold shares of DUK. Pathway Financial Advisers LLC increased its holdings in Duke Energy by 11,471.4% in 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 purchasing an additional 6,719,398 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after buying an additional 1,117,526 shares during the period. Mackenzie Financial Corp increased its stake in shares of Duke Energy by 65.7% in the 2nd 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 during the last quarter. Wulff Hansen & CO. raised its position in shares of Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after acquiring an additional 761,590 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Duke Energy by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock worth $182,101,000 after acquiring an additional 240,136 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Bank of America lifted their target price on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Trading Down 0.3 %

Shares of NYSE:DUK opened at $117.05 on Monday. The stock has a market capitalization of $90.42 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company’s 50-day moving average price is $115.18 and its two-hundred day moving average price is $110.29. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25.

Duke Energy (NYSE:DUK) last issued 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). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates 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 last year, the company posted $1.94 earnings per share. On average, equities analysts forecast that Duke Energy Co. will post 5.96 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 76.84%.

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.