Duke Energy Co. (NYSE:DUK) Position Raised by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in Duke Energy Co. (NYSE:DUK) by 3.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 15,287 shares of the utilities provider’s stock after buying an additional 443 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Duke Energy were worth $1,763,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in DUK. Fortitude Family Office LLC lifted its stake in Duke Energy by 69.6% in 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 during the last quarter. Olistico Wealth LLC bought a new stake in shares of Duke Energy during the second quarter valued at about $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the third quarter valued at about $30,000. Cedar Wealth Management LLC raised its stake in shares of Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Duke Energy during the first quarter valued at about $36,000. 65.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the business’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 owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on DUK. Bank of America lifted their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. 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 price objective on the stock. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. BMO Capital Markets boosted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Finally, Scotiabank boosted their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Trading Up 0.6 %

DUK traded up $0.71 during trading on Monday, reaching $117.92. The company had a trading volume of 128,441 shares, compared to its average volume of 3,028,149. The firm’s 50-day simple moving average is $115.61 and its 200 day simple moving average is $107.63. The company has a market cap of $91.06 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 3.27 and a beta of 0.46. Duke Energy Co. has a 12-month low of $86.61 and a 12-month high of $121.25. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

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 paid a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.54%. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

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.