Highland Capital Management LLC Has $6.26 Million Stock Position in Duke Energy Corp (NYSE:DUK)

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Highland Capital Management LLC reduced its holdings in Duke Energy Corp (NYSE:DUK) by 2.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 65,346 shares of the utilities provider’s stock after selling 1,347 shares during the quarter. Highland Capital Management LLC’s holdings in Duke Energy were worth $6,264,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of DUK. Atwater Malick LLC bought a new position in shares of Duke Energy in the 3rd quarter worth about $26,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Duke Energy in the 2nd quarter worth about $34,000. Ellevest Inc. increased its holdings in shares of Duke Energy by 334.8% in the 2nd quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock worth $35,000 after acquiring an additional 308 shares during the period. Selective Wealth Management Inc. acquired a new stake in shares of Duke Energy in the 3rd quarter worth about $36,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Duke Energy in the 3rd quarter worth about $38,000. Institutional investors own 60.21% of the company’s stock.

NYSE:DUK traded up $1.09 during trading hours on Wednesday, reaching $88.95. 3,503,602 shares of the stock were exchanged, compared to its average volume of 3,197,684. Duke Energy Corp has a twelve month low of $82.46 and a twelve month high of $97.37. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.72 and a quick ratio of 0.49. The firm has a 50 day moving average of $91.39 and a 200 day moving average of $90.62. The stock has a market cap of $64.28 billion, a PE ratio of 18.85, a PEG ratio of 3.63 and a beta of 0.05.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Friday, November 8th. The utilities provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.10. Duke Energy had a return on equity of 8.24% and a net margin of 14.10%. The firm had revenue of $6.94 billion during the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Duke Energy Corp will post 5.01 earnings per share for the current year.

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 given a dividend of $0.945 per share. This represents a $3.78 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Thursday, November 14th. Duke Energy’s dividend payout ratio (DPR) is currently 80.08%.

Several research firms have commented on DUK. Barclays raised shares of Duke Energy from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price target on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Evercore ISI reissued a “hold” rating and issued a $92.00 price target on shares of Duke Energy in a research report on Wednesday. Goldman Sachs Group raised shares of Duke Energy from a “sell” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $93.00 in a research report on Wednesday, November 27th. Finally, Credit Suisse Group boosted their target price on shares of Duke Energy from $95.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $93.91.

Duke Energy Company Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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

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