Fort Washington Investment Advisors Inc. OH Sells 47,541 Shares of Duke Energy Corporation $DUK

Fort Washington Investment Advisors Inc. OH reduced its position in shares of Duke Energy Corporation (NYSE:DUK) by 9.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 457,971 shares of the utilities provider’s stock after selling 47,541 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.06% of Duke Energy worth $56,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. Legacy Investment Solutions LLC acquired a new stake in Duke Energy in the 2nd quarter worth about $28,000. Mascoma Wealth Management LLC increased its holdings in shares of Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares during the period. Access Investment Management LLC acquired a new stake in shares of Duke Energy in the second quarter valued at approximately $31,000. Trifecta Capital Advisors LLC boosted its stake in shares of Duke Energy by 2,284.6% in the second quarter. Trifecta Capital Advisors LLC now owns 310 shares of the utilities provider’s stock valued at $37,000 after buying an additional 297 shares during the period. Finally, Anfield Capital Management LLC boosted its stake in shares of Duke Energy by 2,608.3% in the second quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock valued at $38,000 after buying an additional 313 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of DUK opened at $117.46 on Tuesday. The firm has a market capitalization of $91.34 billion, a P/E ratio of 18.47, a P/E/G ratio of 2.70 and a beta of 0.49. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03. The stock has a 50 day moving average price of $121.20 and a two-hundred day moving average price of $121.28. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. Duke Energy’s revenue was up 4.8% compared to the same quarter last year. Equities analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th were given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Friday, November 14th. Duke Energy’s dividend payout ratio is presently 66.98%.

Insider Buying and Selling

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the sale, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This trade represents a 41.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on DUK. JPMorgan Chase & Co. dropped their price objective on Duke Energy from $136.00 to $126.00 and set a “neutral” rating for the company in a report on Thursday, December 11th. Evercore ISI started coverage on Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target on the stock. TD Cowen initiated coverage on Duke Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $143.00 price target for the company. Morgan Stanley set a $126.00 price objective on shares of Duke Energy in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada upgraded shares of Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.50.

Duke Energy Company Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.