Independent Advisor Alliance Has $13.58 Million Holdings in Duke Energy Co. (NYSE:DUK)

Independent Advisor Alliance increased its stake in shares of Duke Energy Co. (NYSE:DUK) by 0.9% during the third quarter, HoldingsChannel reports. The fund owned 117,798 shares of the utilities provider’s stock after acquiring an additional 1,024 shares during the quarter. Independent Advisor Alliance’s holdings in Duke Energy were worth $13,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Duke Energy by 9.4% in the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after purchasing an additional 9,334 shares during the period. Goodman Advisory Group LLC bought a new stake in Duke Energy during the second quarter worth about $2,888,000. PrairieView Partners LLC acquired a new position in shares of Duke Energy in the 2nd quarter worth approximately $501,000. Commerce Bank increased its holdings in Duke Energy by 5.9% during the 3rd quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock valued at $31,041,000 after purchasing an additional 15,069 shares in the last quarter. Finally, Marshall Financial Group LLC boosted its stake in Duke Energy by 158.9% in the third quarter. Marshall Financial Group LLC now owns 8,483 shares of the utilities provider’s stock worth $978,000 after purchasing an additional 5,206 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Trading Down 0.1 %

Shares of Duke Energy stock opened at $114.70 on Monday. Duke Energy Co. has a 1 year low of $89.92 and a 1 year high of $121.25. The company has a market capitalization of $88.60 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 3.02 and a beta of 0.47. The business has a fifty day simple moving average of $115.14 and a two-hundred day simple moving average of $109.80. 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 released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted $1.94 earnings per share. Research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The company 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 yield of 3.64%. Duke Energy’s dividend payout ratio is 76.84%.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Morgan Stanley dropped their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday. Scotiabank lifted their price objective on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Evercore ISI raised their target price on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average price target of $121.69.

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.