Duke Energy Co. (NYSE:DUK) Shares Bought by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,406 shares of the utilities provider’s stock after buying an additional 224 shares during the period. Valeo Financial Advisors LLC’s holdings in Duke Energy were worth $2,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its position in Duke Energy by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock valued at $42,084,000 after buying an additional 13,406 shares in the last quarter. Duality Advisers LP increased its holdings in shares of Duke Energy by 57.8% in the first quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after purchasing an additional 9,917 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Duke Energy by 63.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock valued at $4,324,000 after purchasing an additional 17,420 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Duke Energy by 9.4% in the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after purchasing an additional 9,334 shares during the period. Finally, Goodman Advisory Group LLC acquired a new position in shares of Duke Energy in the second quarter valued at about $2,888,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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 transaction, the executive vice president now owns 19,884 shares in the company, 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 legal filing with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK stock opened at $114.17 on Friday. The company has a market capitalization of $88.16 billion, a P/E ratio of 21.03, a P/E/G ratio of 3.06 and a beta of 0.46. The business’s 50 day moving average is $114.38 and its two-hundred day moving average is $105.96. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a 12-month low of $85.79 and a 12-month high of $118.31.

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. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 earnings per share. Analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.66%. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Evercore ISI increased their price objective on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group upped their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets upped their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Finally, Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Seven 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, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.15.

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.