2,546 Shares in Duke Energy Co. (NYSE:DUK) Acquired by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC purchased a new stake in shares of Duke Energy Co. (NYSE:DUK) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 2,546 shares of the utilities provider’s stock, valued at approximately $294,000.

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

Duke Energy Stock Down 0.5 %

Shares of NYSE:DUK opened at $111.27 on Thursday. The company’s fifty day moving average is $115.73 and its 200-day moving average is $109.07. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a 52 week low of $88.27 and a 52 week high of $121.25. The company has a market capitalization of $85.95 billion, a PE ratio of 20.45, a P/E/G ratio of 3.06 and a beta of 0.47.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the firm posted $1.94 EPS. The business’s revenue was up 2.1% on a year-over-year basis. Equities research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is presently 76.84%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DUK. Wells Fargo & Company increased their price objective on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Jefferies Financial Group assumed coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Finally, Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $121.85.

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.