Goodman Advisory Group LLC Acquires 8,866 Shares of Duke Energy Co. (NYSE:DUK)

Goodman Advisory Group LLC increased its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 30.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,681 shares of the utilities provider's stock after buying an additional 8,866 shares during the period. Duke Energy accounts for about 1.2% of Goodman Advisory Group LLC's investment portfolio, making the stock its 27th biggest holding. Goodman Advisory Group LLC's holdings in Duke Energy were worth $4,345,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Brophy Wealth Management LLC bought a new position in Duke Energy during the third quarter worth about $421,000. Adalta Capital Management LLC raised its position in shares of Duke Energy by 21.3% in the 3rd quarter. Adalta Capital Management LLC now owns 19,831 shares of the utilities provider's stock valued at $2,287,000 after acquiring an additional 3,476 shares during the period. Drucker Wealth 3.0 LLC boosted its stake in Duke Energy by 1.6% during the 3rd quarter. Drucker Wealth 3.0 LLC now owns 34,567 shares of the utilities provider's stock worth $3,986,000 after acquiring an additional 546 shares during the last quarter. Groupama Asset Managment acquired a new position in Duke Energy during the third quarter valued at approximately $2,537,000. Finally, Raab & Moskowitz Asset Management LLC increased its stake in Duke Energy by 12.3% in the third quarter. Raab & Moskowitz Asset Management LLC now owns 2,794 shares of the utilities provider's stock valued at $322,000 after purchasing an additional 307 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.7 %

DUK stock traded down $0.79 during midday trading on Tuesday, hitting $111.07. The company's stock had a trading volume of 1,819,450 shares, compared to its average volume of 3,047,254. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The stock has a market capitalization of $85.80 billion, a P/E ratio of 20.57, a PEG ratio of 2.97 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company's fifty day moving average price is $114.86 and its 200 day moving average price is $110.71.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.94 EPS. As a group, equities research analysts predict that Duke Energy Co. will post 5.95 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy's dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent analyst reports. Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. KeyCorp cut Duke Energy from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 22nd. Scotiabank raised their price target on Duke Energy from $104.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Bank of America boosted their price objective on Duke Energy from $116.00 to $118.00 and gave the company a "neutral" rating in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group raised their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.69.

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.