Duke Energy Co. (NYSE:DUK) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC lifted its holdings in Duke Energy Co. (NYSE:DUK) by 12.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,969 shares of the utilities provider’s stock after acquiring an additional 4,176 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Duke Energy were worth $4,378,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DUK. Fortitude Family Office LLC increased its stake in shares of Duke Energy by 69.6% in 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 stake in Duke Energy during the second quarter valued at $30,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy during the third quarter valued at $30,000. EntryPoint Capital LLC acquired a new stake in Duke Energy during the first quarter valued at $36,000. Finally, Sachetta LLC grew its position in Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on DUK shares. Bank of America raised their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. raised their price target 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. Mizuho upgraded 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 research report on Tuesday, October 15th. Jefferies Financial Group began coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price on the stock. Finally, Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Stock Performance

NYSE:DUK opened at $114.70 on Friday. The company’s 50-day moving average price is $115.14 and its 200-day moving average price is $109.74. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The company has a market cap of $88.60 billion, a P/E ratio of 21.08, a P/E/G ratio of 3.03 and a beta of 0.47. Duke Energy Co. has a twelve month low of $89.92 and a twelve month high of $121.25.

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

Duke Energy Dividend Announcement

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 paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

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.