Cim Investment Management Inc. Sells 103 Shares of Duke Energy Co. (NYSE:DUK)

Cim Investment Management Inc. reduced its stake in shares of Duke Energy Co. (NYSE:DUK) by 3.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,285 shares of the utilities provider’s stock after selling 103 shares during the period. Cim Investment Management Inc.’s holdings in Duke Energy were worth $379,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DUK. Goodman Advisory Group LLC purchased a new position in shares of Duke Energy during the 2nd quarter valued at about $2,888,000. Hilltop Holdings Inc. raised its stake in shares of Duke Energy by 59.2% during the third quarter. Hilltop Holdings Inc. now owns 23,388 shares of the utilities provider’s stock worth $2,697,000 after acquiring an additional 8,699 shares in the last quarter. Commerce Bank lifted its holdings in shares of Duke Energy by 5.9% in the 3rd quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock worth $31,041,000 after acquiring an additional 15,069 shares during the last quarter. PrairieView Partners LLC purchased a new stake in shares of Duke Energy in the 2nd quarter valued at $501,000. Finally, Dynamic Technology Lab Private Ltd grew its holdings in shares of Duke Energy by 1,258.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,341 shares of the utilities provider’s stock valued at $5,689,000 after purchasing an additional 45,708 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on DUK shares. Jefferies Financial Group began coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target for the company. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Bank of America lifted their price target on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

Duke Energy Stock Down 0.4 %

Shares of NYSE DUK opened at $109.16 on Friday. The firm has a fifty day simple moving average of $114.49 and a two-hundred day simple moving average of $110.75. The firm has a market capitalization of $84.32 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.90 and a beta of 0.47. 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 $90.09 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last issued 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 last year, the business earned $1.94 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts expect that Duke Energy Co. will post 5.95 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.83%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Duke Energy 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.