Koss Olinger Consulting LLC Purchases New Stake in Duke Energy Co. (NYSE:DUK)

Koss Olinger Consulting LLC bought a new stake in Duke Energy Co. (NYSE:DUK) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,909 shares of the utilities provider’s stock, valued at approximately $220,000.

Other institutional investors also recently made changes to their positions in the company. Mackenzie Financial Corp boosted its holdings in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares in the last quarter. Wulff Hansen & CO. boosted its stake in shares of Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after acquiring an additional 761,590 shares in the last quarter. BROOKFIELD Corp ON purchased a new position in Duke Energy in the 1st quarter valued at approximately $36,278,000. Capital Research Global Investors raised its holdings in Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after purchasing an additional 352,320 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Duke Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after purchasing an additional 324,289 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.7 %

NYSE DUK opened at $119.90 on Tuesday. The stock has a market cap of $92.54 billion, a PE ratio of 30.13, a P/E/G ratio of 3.06 and a beta of 0.46. The business has a 50 day moving average price of $115.13 and a two-hundred day moving average price of $106.98. Duke Energy Co. has a fifty-two week low of $85.79 and a fifty-two week high of $121.25. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

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

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is currently 105.03%.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DUK shares. Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. The Goldman Sachs Group raised their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Evercore ISI upped their target price on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reissued an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Finally, Barclays raised their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

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.