Duke Energy Co. (NYSE:DUK) Shares Bought by Americana Partners LLC

Americana Partners LLC grew its holdings in shares of Duke Energy Co. (NYSE:DUK) by 20.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,672 shares of the utilities provider’s stock after purchasing an additional 787 shares during the period. Americana Partners LLC’s holdings in Duke Energy were worth $539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC increased its holdings in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after acquiring an additional 6,719,398 shares during the period. International Assets Investment Management LLC increased its holdings in shares of 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 period. Mackenzie Financial Corp increased its holdings in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares during the period. Wulff Hansen & CO. increased its holdings in shares of Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after acquiring an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON bought a new position in shares of Duke Energy during the 1st quarter valued at about $36,278,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DUK shares. Wells Fargo & Company raised their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Scotiabank upped their price objective on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Price Performance

NYSE DUK opened at $112.67 on Friday. The company has a 50 day simple moving average of $115.84 and a 200-day simple moving average of $108.14. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The firm has a market capitalization of $87.00 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 3.11 and a beta of 0.46. Duke Energy Co. has a 52-week low of $86.61 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Equities research analysts predict that Duke Energy Co. will post 5.98 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. Stockholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is 76.98%.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by insiders.

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.