Eliot Finkel Investment Counsel LLC Decreases Stake in Duke Energy Corp (DUK)

Eliot Finkel Investment Counsel LLC cut its holdings in Duke Energy Corp (NYSE:DUK) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 40,305 shares of the utilities provider’s stock after selling 990 shares during the period. Duke Energy comprises approximately 2.1% of Eliot Finkel Investment Counsel LLC’s holdings, making the stock its 23rd biggest position. Eliot Finkel Investment Counsel LLC’s holdings in Duke Energy were worth $3,225,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wright Investors Service Inc. lifted its position in Duke Energy by 5.3% in the 3rd quarter. Wright Investors Service Inc. now owns 12,137 shares of the utilities provider’s stock valued at $971,000 after purchasing an additional 606 shares during the last quarter. Providence Capital Advisors LLC lifted its position in Duke Energy by 4.4% in the 2nd quarter. Providence Capital Advisors LLC now owns 14,905 shares of the utilities provider’s stock valued at $1,179,000 after purchasing an additional 625 shares during the last quarter. Atria Investments LLC lifted its position in Duke Energy by 16.3% in the 3rd quarter. Atria Investments LLC now owns 4,475 shares of the utilities provider’s stock valued at $358,000 after purchasing an additional 626 shares during the last quarter. Lido Advisors LLC lifted its position in Duke Energy by 7.2% in the 3rd quarter. Lido Advisors LLC now owns 9,497 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 637 shares during the last quarter. Finally, Windward Capital Management Co. CA lifted its position in Duke Energy by 2.3% in the 3rd quarter. Windward Capital Management Co. CA now owns 28,980 shares of the utilities provider’s stock valued at $2,319,000 after purchasing an additional 652 shares during the last quarter. 59.65% of the stock is owned by institutional investors and hedge funds.

Several analysts recently weighed in on the stock. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Barclays boosted their price target on shares of Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. Wells Fargo & Co dropped their price target on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research report on Monday, November 5th. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, Morgan Stanley boosted their price target on shares of Duke Energy from $86.00 to $91.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. Duke Energy has an average rating of “Hold” and an average target price of $84.13.

DUK stock opened at $90.05 on Thursday. Duke Energy Corp has a 52 week low of $71.96 and a 52 week high of $90.70. The stock has a market cap of $64.19 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 3.78 and a beta of -0.03. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.68.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.12. The company had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS. On average, research analysts expect that Duke Energy Corp will post 4.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be paid a $0.9275 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.71 annualized dividend and a dividend yield of 4.12%. Duke Energy’s dividend payout ratio is currently 81.18%.

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Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

Further Reading: What is a Reverse Stock Split?

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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