Duke Energy Co. (NYSE:DUK) Shares Purchased by Covestor Ltd

Covestor Ltd lifted its stake in Duke Energy Co. (NYSE:DUK) by 31.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 410 shares of the utilities provider’s stock after acquiring an additional 97 shares during the period. Covestor Ltd’s holdings in Duke Energy were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in Duke Energy during the 3rd quarter valued at $30,000. Fortitude Family Office LLC boosted its stake in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares in the last quarter. Olistico Wealth LLC acquired a new position in Duke Energy during the second quarter worth about $30,000. Sachetta LLC raised its position in Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Duke Energy during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

DUK has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Morgan Stanley raised their price objective 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. Evercore ISI boosted their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group increased their price target on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, BMO Capital Markets upped their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Six equities research 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.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Trading Down 0.6 %

Duke Energy stock opened at $110.68 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.70 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 simple moving average is $115.61 and its 200-day simple moving average is $109.08. The stock has a market cap of $85.50 billion, a P/E ratio of 20.35, a P/E/G ratio of 3.06 and a beta of 0.47.

Duke Energy (NYSE:DUK) last issued 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). The firm had revenue of $8.16 billion during 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 business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.94 earnings per share. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.78%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

About Duke Energy

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.