1,873 Shares in Duke Energy Co. (NYSE:DUK) Purchased by LexAurum Advisors LLC

LexAurum Advisors LLC bought a new stake in Duke Energy Co. (NYSE:DUK) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,873 shares of the utilities provider’s stock, valued at approximately $216,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fisher Asset Management LLC boosted its holdings in shares of Duke Energy by 17.4% during the fourth quarter. Fisher Asset Management LLC now owns 10,637 shares of the utilities provider’s stock valued at $1,032,000 after acquiring an additional 1,580 shares during the period. Gulf International Bank UK Ltd boosted its stake in Duke Energy by 1.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 65,341 shares of the utilities provider’s stock valued at $6,319,000 after purchasing an additional 807 shares during the period. MJP Associates Inc. ADV bought a new position in Duke Energy in the 1st quarter worth about $295,000. Sanders Morris Harris LLC acquired a new stake in shares of Duke Energy in the first quarter valued at approximately $256,000. Finally, &PARTNERS boosted its position in shares of Duke Energy by 87.8% during the first quarter. &PARTNERS now owns 13,879 shares of the utilities provider’s stock worth $1,342,000 after buying an additional 6,487 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Duke Energy Stock Up 0.1 %

Shares of Duke Energy stock opened at $120.76 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.81 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 $120.85. The firm has a market capitalization of $93.20 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The stock’s fifty day moving average is $115.00 and its 200-day moving average is $106.67.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.91 earnings per share. Equities 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 declared 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. This represents a $4.18 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is 105.03%.

Analysts Set New Price Targets

Several analysts have weighed in on DUK shares. Barclays lifted their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. KeyCorp upped their price objective on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Jefferies Financial Group assumed coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. Bank of America increased their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. increased their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy 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.