Duke Energy Co. (NYSE:DUK) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its stake in Duke Energy Co. (NYSE:DUKFree Report) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,115 shares of the utilities provider’s stock after acquiring an additional 179 shares during the period. EverSource Wealth Advisors LLC’s holdings in Duke Energy were worth $275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DUK. CKW Financial Group acquired a new position in Duke Energy during the third quarter valued at approximately $25,000. Norwood Financial Corp acquired a new position in Duke Energy during the second quarter valued at approximately $27,000. Horizon Bancorp Inc. IN lifted its position in Duke Energy by 200.0% during the second quarter. Horizon Bancorp Inc. IN now owns 312 shares of the utilities provider’s stock valued at $28,000 after buying an additional 208 shares in the last quarter. Chilton Capital Management LLC acquired a new position in Duke Energy during the first quarter valued at approximately $28,000. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Duke Energy during the third quarter worth $29,000. 63.68% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.1 %

NYSE:DUK traded up $0.14 during mid-day trading on Friday, reaching $95.87. The stock had a trading volume of 3,554,119 shares, compared to its average volume of 2,918,751. The business’s 50 day moving average is $95.33 and its 200 day moving average is $92.14. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $103.83. The stock has a market cap of $73.89 billion, a P/E ratio of 61.06, a PEG ratio of 2.50 and a beta of 0.47. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.76 and a quick ratio of 0.52.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The firm had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The firm’s revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Duke Energy Co. will post 5.59 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 16th will be given a dividend of $1.025 per share. The ex-dividend date is Thursday, February 15th. This represents a $4.10 dividend on an annualized basis and a yield of 4.28%. Duke Energy’s payout ratio is currently 261.15%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank of Canada raised shares of Duke Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $101.00 to $113.00 in a research report on Wednesday, January 10th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $98.00 to $101.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 29th. Wells Fargo & Company raised shares of Duke Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $94.00 to $103.00 in a report on Thursday, November 30th. KeyCorp upped their price target on shares of Duke Energy from $106.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, January 4th. Finally, StockNews.com raised shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. 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.com, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $100.67.

Check Out Our Latest Stock Analysis on Duke Energy

Duke Energy Profile

(Free Report)

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

Read More

Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUKFree Report).

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.