OneAscent Wealth Management LLC Purchases 549 Shares of Duke Energy Co. (NYSE:DUK)

OneAscent Wealth Management LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,771 shares of the utilities provider’s stock after acquiring an additional 549 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Duke Energy were worth $435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Research Global Investors raised its holdings in Duke Energy by 3.2% in the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after purchasing an additional 352,320 shares in the last quarter. Pathway Financial Advisers LLC raised its holdings in Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Swiss National Bank raised its holdings in Duke Energy by 0.3% in the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after purchasing an additional 6,500 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Performance

Duke Energy stock traded up $0.10 during mid-day trading on Monday, hitting $112.27. The company had a trading volume of 491,164 shares, compared to its average volume of 3,053,964. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12-month low of $88.27 and a 12-month high of $121.25. The company’s fifty day moving average is $115.40 and its 200-day moving average is $109.33. The company has a market capitalization of $86.73 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.96 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the prior year, the company posted $1.94 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. Equities research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.72%. Duke Energy’s dividend payout ratio is presently 76.84%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on Duke Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. Scotiabank boosted their price target on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Evercore ISI boosted their price target on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their price target on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Morgan Stanley boosted their price target on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $121.85.

Duke Energy Company Profile

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.