Duke Energy Co. (NYSE:DUK) Shares Bought by Insight Folios Inc

Insight Folios Inc boosted its stake in Duke Energy Co. (NYSE:DUK) by 4.6% in the third quarter, Holdings Channel.com reports. The firm owned 71,993 shares of the utilities provider’s stock after acquiring an additional 3,147 shares during the quarter. Duke Energy comprises about 3.0% of Insight Folios Inc’s portfolio, making the stock its 12th largest position. Insight Folios Inc’s holdings in Duke Energy were worth $8,301,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Fortitude Family Office LLC raised its position in shares of Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares during the period. Olistico Wealth LLC purchased a new position in shares of Duke Energy in the 2nd quarter worth about $30,000. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy during the 3rd quarter worth about $30,000. Cedar Wealth Management LLC increased its position in Duke Energy by 101.2% during the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 169 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Duke Energy in the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

DUK stock opened at $117.21 on Monday. The firm has a market cap of $90.51 billion, a P/E ratio of 21.59, a P/E/G ratio of 3.27 and a beta of 0.46. The stock’s 50 day simple moving average is $115.61 and its 200 day simple moving average is $107.63. 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 issued its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. Duke Energy’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company posted $0.91 earnings per share. As a group, equities research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.57%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.98%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DUK shares. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Jefferies Financial Group started coverage on Duke Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company lifted their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Bank of America upped their target price 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. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.