Duke Energy Co. (NYSE:DUK) Holdings Raised by Integrated Advisors Network LLC

Integrated Advisors Network LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,258 shares of the utilities provider’s stock after purchasing an additional 134 shares during the period. Integrated Advisors Network LLC’s holdings in Duke Energy were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Duality Advisers LP boosted its holdings in shares of Duke Energy by 57.8% in the 1st quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after buying an additional 9,917 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Duke Energy by 63.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock worth $4,324,000 after acquiring an additional 17,420 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Duke Energy by 9.4% in the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after acquiring an additional 9,334 shares during the period. Goodman Advisory Group LLC bought a new position in shares of Duke Energy during the second quarter valued at approximately $2,888,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Duke Energy during the 1st quarter worth approximately $1,396,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company upped their price objective on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Jefferies Financial Group assumed 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 for the company. Evercore ISI lifted 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. Scotiabank upped their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the business’s 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 sale, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

Duke Energy Trading Down 2.3 %

Duke Energy stock opened at $114.41 on Wednesday. Duke Energy Co. has a 12-month low of $86.61 and a 12-month high of $121.25. The stock has a market capitalization of $88.35 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 3.27 and a beta of 0.46. The firm has a 50 day simple moving average of $115.74 and a 200-day simple moving average of $107.92. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. As a group, equities research analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is 76.98%.

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.