RIA Advisory Group LLC acquired a new stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,531 shares of the utilities provider's stock, valued at approximately $522,000.
Several other institutional investors and hedge funds have also bought and sold shares of DUK. PBMares Wealth Management LLC grew its stake in shares of Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider's stock worth $563,000 after purchasing an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. lifted its holdings in shares of Duke Energy by 2.1% during the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider's stock valued at $444,000 after purchasing an additional 90 shares during the last quarter. Castleview Partners LLC lifted its holdings in shares of Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider's stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. Kanawha Capital Management LLC lifted its holdings in shares of Duke Energy by 1.4% during the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider's stock valued at $760,000 after purchasing an additional 92 shares during the last quarter. Finally, Chicago Capital LLC raised its holdings in Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider's stock worth $1,172,000 after acquiring an additional 93 shares during the last quarter. 65.31% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have commented on DUK. Mizuho raised shares of Duke Energy from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Royal Bank of Canada restated an "outperform" rating and set a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Finally, Jefferies Financial Group began coverage on shares of Duke Energy in a research note on Thursday, September 19th. They set a "buy" rating and a $138.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $121.85.
Check Out Our Latest Report on Duke Energy
Duke Energy Trading Up 2.3 %
NYSE:DUK traded up $2.51 on Friday, hitting $112.17. The stock had a trading volume of 3,868,001 shares, compared to its average volume of 3,065,508. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The stock has a market cap of $86.65 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.93 and a beta of 0.47. The company has a fifty day moving average price of $115.40 and a two-hundred day moving average price of $109.19. Duke Energy Co. has a 1-year low of $88.27 and a 1-year high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last posted its 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). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. Equities research analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.
Duke Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. 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 3.73%. Duke Energy's dividend payout ratio (DPR) is presently 76.84%.
Duke Energy Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Duke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duke Energy wasn't on the list.
While Duke Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
