Atlanta Consulting Group Advisors LLC Raises Stock Holdings in Duke Energy Co. (NYSE:DUK)

Atlanta Consulting Group Advisors LLC raised its holdings in Duke Energy Co. (NYSE:DUK) by 141.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,469 shares of the utilities provider’s stock after purchasing an additional 8,466 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Duke Energy were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DUK. Pathway Financial Advisers LLC raised its stake in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after buying an additional 6,719,398 shares during the period. International Assets Investment Management LLC increased its holdings in Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after acquiring an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp raised its stake in Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the period. Wulff Hansen & CO. lifted its holdings in Duke Energy by 9,923.0% during the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after purchasing an additional 761,590 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new position in Duke Energy during the first quarter worth about $36,278,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DUK shares. Morgan Stanley boosted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price on the stock. 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 research report on Monday, August 12th. Bank of America increased their price objective on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Barclays lifted their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Six equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Trading Up 2.3 %

Shares of Duke Energy stock opened at $112.17 on Friday. The company has a 50 day simple moving average of $115.40 and a two-hundred day simple moving average of $109.27. The firm has a market cap of $86.65 billion, a PE ratio of 20.62, a PEG ratio of 2.96 and a beta of 0.47. Duke Energy Co. has a 1 year low of $88.27 and a 1 year high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

Duke Energy (NYSE:DUK) last issued its 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). The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. Analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.73%. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

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.