Duke Energy Co. (NYSE:DUK) Shares Bought by Capital Square LLC

Capital Square LLC lifted its stake in shares of Duke Energy Co. (NYSE:DUK) by 6.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,462 shares of the utilities provider’s stock after purchasing an additional 586 shares during the quarter. Capital Square LLC’s holdings in Duke Energy were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in Duke Energy in the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC lifted its holdings in shares of Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 119 shares during the last quarter. Olistico Wealth LLC purchased a new position in Duke Energy in the 2nd quarter worth about $30,000. Sachetta LLC raised its holdings in Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after buying an additional 96 shares during the period. Finally, Reston Wealth Management LLC acquired a new position in Duke Energy in the 3rd quarter worth approximately $38,000. 65.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DUK shares. Bank of America upped their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. BMO Capital Markets increased their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Scotiabank increased their price target on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.69.

Duke Energy Trading Up 0.8 %

Shares of NYSE:DUK traded up $0.87 during mid-day trading on Monday, reaching $115.57. 157,937 shares of the company’s stock were exchanged, compared to its average volume of 3,057,121. The firm has a market capitalization of $89.28 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.02 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The business’s fifty day moving average price is $115.14 and its 200-day moving average price is $109.80.

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

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.62%. Duke Energy’s payout ratio is 76.84%.

Duke Energy 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.