Rosenberg Matthew Hamilton Acquires 142 Shares of Duke Energy Co. (NYSE:DUK)

Rosenberg Matthew Hamilton boosted its holdings in Duke Energy Co. (NYSE:DUK) by 5.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,672 shares of the utilities provider’s stock after buying an additional 142 shares during the period. Rosenberg Matthew Hamilton’s holdings in Duke Energy were worth $308,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Fortitude Family Office LLC increased its position in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 119 shares during the period. Olistico Wealth LLC acquired a new position in shares of Duke Energy in the 2nd quarter worth approximately $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy in the 3rd quarter valued at $30,000. Cedar Wealth Management LLC increased its stake in shares of Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of Duke Energy in the 1st quarter valued at $36,000. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DUK. Morgan Stanley upped their target price on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Evercore ISI upped their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Jefferies Financial Group began coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. Finally, Barclays boosted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at $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 SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

NYSE DUK traded up $0.32 on Thursday, reaching $114.32. 511,978 shares of the company’s stock traded hands, compared to its average volume of 3,025,203. The stock has a market cap of $88.28 billion, a PE ratio of 21.00, a P/E/G ratio of 3.27 and a beta of 0.46. Duke Energy Co. has a 12 month low of $86.61 and a 12 month high of $121.25. 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 stock has a 50-day simple moving average of $115.77 and a 200 day simple moving average of $107.96.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. As a group, research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

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.