Duke Energy Co. (NYSE:DUK) Shares Purchased by ROI Financial Advisors LLC

ROI Financial Advisors LLC raised its stake in Duke Energy Co. (NYSE:DUK) by 1.3% during the third quarter, Holdings Channel reports. The firm owned 12,363 shares of the utilities provider’s stock after purchasing an additional 157 shares during the period. Duke Energy makes up about 1.0% of ROI Financial Advisors LLC’s holdings, making the stock its 29th biggest holding. ROI Financial Advisors LLC’s holdings in Duke Energy were worth $1,425,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DUK. Janus Henderson Group PLC increased its stake in 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 acquiring an additional 9,334 shares during the last quarter. Goodman Advisory Group LLC purchased a new position in Duke Energy in the second quarter valued at approximately $2,888,000. Jupiter Asset Management Ltd. acquired a new position in Duke Energy during the first quarter valued at approximately $1,396,000. PrairieView Partners LLC purchased a new stake in Duke Energy during the second quarter worth approximately $501,000. Finally, Intech Investment Management LLC increased its position in shares of Duke Energy by 362.7% in the first quarter. Intech Investment Management LLC now owns 27,543 shares of the utilities provider’s stock worth $2,664,000 after acquiring an additional 21,590 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE DUK opened at $111.27 on Thursday. The business has a 50 day simple moving average of $115.73 and a 200-day simple moving average of $109.07. Duke Energy Co. has a twelve month low of $88.27 and a twelve month high of $121.25. The company has a market capitalization of $85.95 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 3.06 and a beta of 0.47. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period last year, the company posted $1.94 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.76%. Duke Energy’s payout ratio is currently 76.84%.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research reports. The Goldman Sachs Group upped their price target on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price objective 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. Finally, Jefferies Financial Group started coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.85.

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.