Drucker Wealth 3.0 LLC Increases Stock Holdings in Duke Energy Co. (NYSE:DUK)

Drucker Wealth 3.0 LLC raised its position in shares of Duke Energy Co. (NYSE:DUK) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,567 shares of the utilities provider’s stock after acquiring an additional 546 shares during the quarter. Drucker Wealth 3.0 LLC’s holdings in Duke Energy were worth $3,986,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedmont Private Capital increased its stake in Duke Energy by 12.6% during the second quarter. Wedmont Private Capital now owns 10,488 shares of the utilities provider’s stock worth $1,105,000 after acquiring an additional 1,177 shares during the last quarter. Burke & Herbert Bank & Trust Co. grew its stake in Duke Energy by 198.9% during the 2nd quarter. Burke & Herbert Bank & Trust Co. now owns 13,506 shares of the utilities provider’s stock worth $1,354,000 after purchasing an additional 8,988 shares in the last quarter. Mason & Associates LLC purchased a new position in Duke Energy in the second quarter worth approximately $256,000. AA Financial Advisors LLC raised its stake in Duke Energy by 16.4% in the second quarter. AA Financial Advisors LLC now owns 4,980 shares of the utilities provider’s stock valued at $499,000 after buying an additional 703 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its stake in Duke Energy by 0.9% in the second quarter. NorthCrest Asset Manangement LLC now owns 173,347 shares of the utilities provider’s stock valued at $17,375,000 after acquiring an additional 1,482 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DUK. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group began coverage on Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price on the stock. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research report on Thursday, August 29th. Finally, Barclays upped their price objective 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Price Performance

NYSE:DUK opened at $112.10 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company has a fifty day moving average price of $114.93 and a 200 day moving average price of $110.64. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The stock has a market cap of $86.60 billion, a P/E ratio of 20.61, a PEG ratio of 2.97 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same quarter in the prior year, the company earned $1.94 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that Duke Energy Co. will post 5.95 earnings per share for the current year.

Duke Energy Announces Dividend

The business 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 $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.73%. Duke Energy’s dividend payout ratio (DPR) is presently 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.