Rockefeller Capital Management L.P. Sells 3,906 Shares of Duke Energy Co. (NYSE:DUK)

Rockefeller Capital Management L.P. reduced its position in Duke Energy Co. (NYSE:DUK) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,816 shares of the utilities provider’s stock after selling 3,906 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Duke Energy were worth $19,215,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Hawaiian Bank boosted its stake in shares of Duke Energy by 2.8% in the 2nd quarter. First Hawaiian Bank now owns 8,882 shares of the utilities provider’s stock valued at $890,000 after purchasing an additional 243 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Duke Energy in the 2nd quarter valued at approximately $146,000. Versant Capital Management Inc boosted its stake in shares of Duke Energy by 30.4% in the 2nd quarter. Versant Capital Management Inc now owns 480 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 112 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Duke Energy by 36.6% in the 2nd quarter. Mather Group LLC. now owns 13,748 shares of the utilities provider’s stock valued at $1,330,000 after purchasing an additional 3,686 shares in the last quarter. Finally, Olistico Wealth LLC acquired a new stake in shares of Duke Energy in the 2nd quarter valued at approximately $30,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Down 0.3 %

Duke Energy stock opened at $117.05 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The firm’s fifty day moving average is $115.18 and its 200 day moving average is $110.29. The company has a market capitalization of $90.42 billion, a PE ratio of 21.52, a PEG ratio of 3.09 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its earnings results 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). 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 analyst estimates of $8.06 billion. During the same quarter in the previous year, the firm earned $1.94 EPS. The firm’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts predict that Duke Energy Co. will post 5.96 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced 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 is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.57%. Duke Energy’s payout ratio is presently 76.84%.

Analysts Set New Price Targets

Several equities research analysts recently commented on DUK shares. Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price on the stock. Scotiabank boosted their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Evercore ISI boosted their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.69.

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.