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

Northcape Wealth Management LLC increased its holdings in Duke Energy Co. (NYSE:DUK) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,818 shares of the utilities provider’s stock after acquiring an additional 305 shares during the quarter. Northcape Wealth Management LLC’s holdings in Duke Energy were worth $1,593,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Fortitude Family Office LLC boosted its stake 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 valued at $29,000 after buying an additional 119 shares during the last quarter. Olistico Wealth LLC bought a new position in Duke Energy during the 2nd quarter valued at $30,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy in the 3rd quarter worth about $30,000. Cedar Wealth Management LLC raised its stake in shares of Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Duke Energy during the first quarter worth about $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Up 2.3 %

NYSE:DUK opened at $112.16 on Friday. Duke Energy Co. has a 1 year low of $88.27 and a 1 year high of $121.25. The business has a fifty day moving average of $115.40 and a 200-day moving average of $109.19. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The stock has a market cap of $86.64 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.93 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 EPS 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 analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 EPS. Equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is currently 76.84%.

Analysts Set New Price Targets

Several analysts have issued reports on DUK shares. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Morgan Stanley raised their price objective on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. The Goldman Sachs Group boosted their target price on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. 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. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six investment 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 company currently has a consensus rating of “Moderate Buy” and an average target price 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.