Xponance Inc. Trims Stake in Duke Energy Co. (NYSE:DUK)

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Xponance Inc. cut its position in Duke Energy Co. (NYSE:DUK) by 61.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,887 shares of the utilities provider’s stock after selling 47,618 shares during the period. Xponance Inc.’s holdings in Duke Energy were worth $2,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Watson Rebecca purchased a new position in Duke Energy during the second quarter valued at $26,000. Vigilant Capital Management LLC bought a new position in Duke Energy during the second quarter valued at $28,000. HWG Holdings LP bought a new position in Duke Energy during the second quarter valued at $36,000. Tower Research Capital LLC TRC bought a new position in Duke Energy during the first quarter valued at $45,000. Finally, Estate Counselors LLC bought a new stake in shares of Duke Energy in the 2nd quarter worth about $47,000. 63.79% of the stock is owned by hedge funds and other institutional investors.

NYSE DUK opened at $92.24 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.36 and a current ratio of 0.55. The company has a market capitalization of $67.84 billion, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 5.03 and a beta of 0.23. The company’s 50-day simple moving average is $88.24 and its two-hundred day simple moving average is $84.82. Duke Energy Co. has a one year low of $62.13 and a one year high of $103.79.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, August 10th. The utilities provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.05. The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.86 billion. Duke Energy had a net margin of 8.76% and a return on equity of 8.10%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. Equities analysts expect that Duke Energy Co. will post 5.08 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given a $0.965 dividend. This represents a $3.86 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Thursday, November 12th. Duke Energy’s payout ratio is currently 76.28%.

DUK has been the subject of several analyst reports. Bank of America upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $87.00 to $85.00 in a report on Wednesday, September 9th. Scotiabank downgraded shares of Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research note on Thursday, October 1st. Morgan Stanley raised their price target on shares of Duke Energy from $94.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 20th. Finally, Credit Suisse Group downgraded shares of Duke Energy from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $88.00 to $93.00 in a research note on Thursday, October 15th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $93.60.

Duke Energy 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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.

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

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