Osborn Williams & Donohoe LLC boosted its holdings in Duke Energy Corp (NYSE:DUK) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,702 shares of the utilities provider’s stock after buying an additional 141 shares during the period. Osborn Williams & Donohoe LLC’s holdings in Duke Energy were worth $2,176,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the stock. Atwater Malick LLC purchased a new position in shares of Duke Energy during the 3rd quarter valued at $26,000. Redhawk Wealth Advisors Inc. purchased a new position in shares of Duke Energy during the 2nd quarter valued at $34,000. Ellevest Inc. grew its position in shares of Duke Energy by 334.8% during the 2nd quarter. Ellevest Inc. now owns 400 shares of the utilities provider’s stock valued at $35,000 after purchasing an additional 308 shares in the last quarter. Larson Financial Group LLC grew its position in Duke Energy by 65.5% in the second quarter. Larson Financial Group LLC now owns 422 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 167 shares in the last quarter. Finally, Tarbox Family Office Inc. grew its position in Duke Energy by 46.5% in the second quarter. Tarbox Family Office Inc. now owns 457 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 60.32% of the company’s stock.
Several brokerages recently issued reports on DUK. JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $91.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Credit Suisse Group upped their target price on shares of Duke Energy from $95.00 to $98.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Morgan Stanley boosted their price target on shares of Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. Citigroup lowered their price target on shares of Duke Energy from $91.00 to $88.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Finally, SunTrust Banks set a $96.00 price target on shares of Duke Energy and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $94.22.
Duke Energy stock opened at $94.26 on Friday. The company has a market capitalization of $68.15 billion, a PE ratio of 19.97, a P/E/G ratio of 3.85 and a beta of 0.09. The firm has a fifty day simple moving average of $95.34 and a two-hundred day simple moving average of $90.60. The company has a quick ratio of 0.47, a current ratio of 0.71 and a debt-to-equity ratio of 1.26. Duke Energy Corp has a twelve month low of $80.89 and a twelve month high of $97.37.
Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.12 EPS for the quarter, beating the consensus estimate of $0.98 by $0.14. Duke Energy had a net margin of 13.23% and a return on equity of 8.02%. The firm had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. As a group, equities analysts expect that Duke Energy Corp will post 4.98 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Thursday, November 14th. Duke Energy’s payout ratio is currently 80.08%.
In related news, EVP Douglas F. Esamann sold 4,430 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $92.44, for a total value of $409,509.20. Following the completion of the transaction, the executive vice president now directly owns 64,722 shares of the company’s stock, valued at $5,982,901.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lloyd M. Yates sold 20,000 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $90.81, for a total transaction of $1,816,200.00. Following the completion of the transaction, the executive vice president now directly owns 41,154 shares of the company’s stock, valued at $3,737,194.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,802 shares of company stock valued at $2,443,654. 0.09% of the stock is owned by insiders.
Duke Energy Company Profile
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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