Clear Creek Financial Management LLC Buys 93 Shares of Duke Energy Co. (NYSE:DUK)

Clear Creek Financial Management LLC lifted its stake in shares of Duke Energy Co. (NYSE:DUK) by 4.0% in the third quarter, HoldingsChannel.com reports. The fund owned 2,416 shares of the utilities provider’s stock after acquiring an additional 93 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Duke Energy were worth $279,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the 3rd quarter worth $30,000. Fortitude Family Office LLC lifted its holdings in shares of Duke Energy by 69.6% during the 2nd 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 last quarter. Olistico Wealth LLC bought a new stake in Duke Energy in the second quarter worth $30,000. Sachetta LLC lifted its stake in Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 96 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new stake in Duke Energy in the third quarter worth $38,000. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

Duke Energy stock opened at $112.52 on Tuesday. The firm has a 50-day moving average price of $115.83 and a 200-day moving average price of $108.46. The firm has a market capitalization of $86.89 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a 12-month low of $86.61 and a 12-month high of $121.25.

Duke Energy (NYSE:DUK) last posted its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 EPS. As a group, equities research analysts forecast that Duke Energy Co. will post 5.98 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. Stockholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is currently 76.98%.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction that occurred on Thursday, August 8th. The shares were 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 directly owns 19,884 shares in the company, valued at $2,259,617.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DUK. JPMorgan Chase & Co. boosted their price target on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Royal Bank of Canada restated an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Evercore ISI boosted their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. BMO Capital Markets boosted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group began coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average price target 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.