Tyler Stone Wealth Management Has $298,000 Stock Holdings in Duke Energy Co. (NYSE:DUK)

Tyler Stone Wealth Management lifted its stake in Duke Energy Co. (NYSE:DUK) by 83.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,588 shares of the utilities provider’s stock after acquiring an additional 1,175 shares during the quarter. Tyler Stone Wealth Management’s holdings in Duke Energy were worth $298,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DUK. Fortitude Family Office LLC raised its stake in shares of Duke Energy by 69.6% during the 2nd 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 bought a new stake in Duke Energy during the second quarter worth $30,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy in the third quarter valued at $30,000. Cedar Wealth Management LLC grew its position in shares of Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 169 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Duke Energy during the 1st quarter worth about $36,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Evercore ISI increased their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. BMO Capital Markets raised their target price 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. Finally, Barclays boosted their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Trading Down 0.7 %

DUK opened at $112.46 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25. The stock has a market capitalization of $86.84 billion, a price-to-earnings ratio of 20.67, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a 50-day simple moving average of $115.84 and a 200 day simple moving average of $108.87.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results 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 firm 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 business posted $1.94 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.72%. Duke Energy’s dividend payout ratio is currently 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.