Catalytic Wealth RIA LLC Purchases 960 Shares of Duke Energy Co. (NYSE:DUK)

Catalytic Wealth RIA LLC lifted its holdings in Duke Energy Co. (NYSE:DUK) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,673 shares of the utilities provider’s stock after purchasing an additional 960 shares during the period. Catalytic Wealth RIA LLC’s holdings in Duke Energy were worth $1,807,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Pathway Financial Advisers LLC grew its stake in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares during the period. International Assets Investment Management LLC lifted its holdings in Duke Energy by 13,829.1% during the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after purchasing an additional 1,117,526 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the period. Wulff Hansen & CO. increased its stake in shares of Duke Energy by 9,923.0% in the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after purchasing an additional 761,590 shares in the last quarter. Finally, BROOKFIELD Corp ON bought a new stake in shares of Duke Energy during the 1st quarter valued at $36,278,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 1.9 %

Shares of NYSE DUK opened at $113.23 on Monday. Duke Energy Co. has a 1-year low of $86.61 and a 1-year 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 business’s 50 day moving average is $115.84 and its two-hundred day moving average is $108.87. The stock has a market capitalization of $87.44 billion, a P/E ratio of 20.81, a PEG ratio of 3.10 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.94 EPS. As a group, research analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.69%. Duke Energy’s dividend payout ratio is presently 76.84%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DUK shares. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Jefferies Financial Group started coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Wells Fargo & Company boosted their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Evercore ISI lifted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.85.

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.