High Net Worth Advisory Group LLC Purchases 100 Shares of Duke Energy Co. (NYSE:DUK)

High Net Worth Advisory Group LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,169 shares of the utilities provider’s stock after purchasing an additional 100 shares during the period. High Net Worth Advisory Group LLC’s holdings in Duke Energy were worth $942,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DUK. Scarborough Advisors LLC acquired a new stake in Duke Energy during the fourth quarter valued at approximately $91,000. Teachers Retirement System of The State of Kentucky grew its position in Duke Energy by 0.7% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 161,468 shares of the utilities provider’s stock valued at $15,669,000 after acquiring an additional 1,113 shares during the period. Integrated Advisors Network LLC raised its stake in Duke Energy by 2.2% during the fourth quarter. Integrated Advisors Network LLC now owns 27,471 shares of the utilities provider’s stock worth $2,666,000 after acquiring an additional 589 shares in the last quarter. Centaurus Financial Inc. boosted its stake in shares of Duke Energy by 5.4% in the 4th quarter. Centaurus Financial Inc. now owns 5,415 shares of the utilities provider’s stock valued at $525,000 after purchasing an additional 276 shares in the last quarter. Finally, Syon Capital LLC bought a new stake in shares of Duke Energy in the 4th quarter worth about $396,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

DUK opened at $114.17 on Monday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The company has a market capitalization of $88.11 billion, a price-to-earnings ratio of 28.69, a P/E/G ratio of 3.06 and a beta of 0.46. The business’s 50-day moving average price is $114.38 and its two-hundred day moving average price is $106.03. Duke Energy Co. has a 1 year low of $85.79 and a 1 year high of $118.31.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 EPS. Equities analysts expect that Duke Energy Co. will post 5.97 EPS 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. Investors of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.66%. Duke Energy’s dividend payout ratio (DPR) is currently 105.03%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DUK. BMO Capital Markets upped their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. The Goldman Sachs Group raised their price target on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company boosted their price objective on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, Bank of America increased their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $120.15.

Insider Buying and Selling

In other news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

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.