Dakota Wealth Management Acquires 1,781 Shares of Duke Energy Co. (NYSE:DUK)

Dakota Wealth Management grew its stake in Duke Energy Co. (NYSE:DUK) by 8.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,418 shares of the utilities provider’s stock after purchasing an additional 1,781 shares during the period. Dakota Wealth Management’s holdings in Duke Energy were worth $2,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Duality Advisers LP boosted its stake 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 purchasing an additional 9,917 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Duke Energy by 63.8% during 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 buying an additional 17,420 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Duke Energy by 9.4% during the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock worth $10,520,000 after buying an additional 9,334 shares in the last quarter. Goodman Advisory Group LLC bought a new position in shares of Duke Energy in the second quarter valued at approximately $2,888,000. Finally, Chapin Davis Inc. grew its position in Duke Energy by 1.8% during the 1st quarter. Chapin Davis Inc. now owns 7,675 shares of the utilities provider’s stock worth $742,000 after acquiring an additional 133 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DUK. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Bank of America upped their target price on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Wells Fargo & Company raised their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now 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 SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Duke Energy Trading Down 1.5 %

NYSE:DUK opened at $117.21 on Friday. The firm has a market capitalization of $90.46 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The business’s 50-day moving average price is $115.61 and its two-hundred day moving average price is $107.47. 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 (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the firm earned $0.91 EPS. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently announced 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 of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.57%. Duke Energy’s dividend payout ratio is presently 105.03%.

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.