Pallas Capital Advisors LLC Has $400,000 Holdings in Duke Energy Co. (NYSE:DUK)

Pallas Capital Advisors LLC trimmed its holdings in Duke Energy Co. (NYSE:DUK) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,361 shares of the utilities provider’s stock after selling 87 shares during the period. Pallas Capital Advisors LLC’s holdings in Duke Energy were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Strategic Wealth Investment Group LLC raised its holdings in Duke Energy by 20.6% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 81,446 shares of the utilities provider’s stock valued at $9,466,000 after acquiring an additional 13,886 shares in the last quarter. Orrstown Financial Services Inc. bought a new stake in shares of Duke Energy during the 3rd quarter worth approximately $217,000. Arbor Investment Advisors LLC boosted its position in shares of Duke Energy by 174.7% during the 3rd quarter. Arbor Investment Advisors LLC now owns 11,141 shares of the utilities provider’s stock worth $1,285,000 after acquiring an additional 7,086 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Duke Energy by 2.3% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 8,495 shares of the utilities provider’s stock valued at $979,000 after acquiring an additional 187 shares during the last quarter. Finally, Concord Wealth Partners lifted its stake in Duke Energy by 3.8% during the third quarter. Concord Wealth Partners now owns 5,678 shares of the utilities provider’s stock worth $655,000 after purchasing an additional 207 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on DUK shares. Barclays raised their price objective on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group increased their price target on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Finally, BMO Capital Markets upped their price objective on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Trading Up 1.1 %

NYSE:DUK opened at $115.27 on Friday. Duke Energy Co. has a 52 week low of $86.61 and a 52 week high of $121.25. The firm’s fifty day moving average is $115.83 and its 200-day moving average is $108.01. The firm has a market cap of $89.01 billion, a P/E ratio of 21.23, a P/E/G ratio of 3.27 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business posted $0.91 EPS. Equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current 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 dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 76.98%.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the business’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 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% 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.