Duke Energy Co. (NYSE:DUK) Shares Purchased by Caprock Group LLC

Caprock Group LLC boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 25.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,537 shares of the utilities provider’s stock after purchasing an additional 2,115 shares during the quarter. Caprock Group LLC’s holdings in Duke Energy were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Fortitude Family Office LLC raised its holdings in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares in the last quarter. Olistico Wealth LLC acquired a new stake in Duke Energy during the 2nd quarter worth $30,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy in the third quarter valued at $30,000. EntryPoint Capital LLC purchased a new position in shares of Duke Energy during the first quarter worth about $36,000. Finally, Sachetta LLC increased its position in shares of Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. KeyCorp cut shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their price target on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Evercore ISI increased their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group increased their price target on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Six 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Stock Performance

NYSE:DUK opened at $114.86 on Friday. The firm’s fifty day simple moving average is $115.19 and its 200-day simple moving average is $109.59. 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 $88.73 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.99 and a beta of 0.47. Duke Energy Co. has a fifty-two week low of $89.52 and a fifty-two week high of $121.25.

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

Duke Energy Announces Dividend

The company 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 $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, November 15th. 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.