Claro Advisors LLC Has $1.52 Million Stake in Duke Energy Co. (NYSE:DUK)

Claro Advisors LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,163 shares of the utilities provider’s stock after purchasing an additional 241 shares during the period. Claro Advisors LLC’s holdings in Duke Energy were worth $1,518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PBMares Wealth Management LLC increased its position in shares of Duke Energy by 1.8% during the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. raised its position in Duke Energy by 2.1% in the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 90 shares during the period. Castleview Partners LLC boosted its stake in Duke Energy by 4.9% in the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 90 shares during the last quarter. Kanawha Capital Management LLC increased its stake in shares of Duke Energy by 1.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after purchasing an additional 92 shares during the last quarter. Finally, Chicago Capital LLC raised its stake in shares of Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several research reports. Barclays increased their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Wells Fargo & Company boosted their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group initiated coverage on Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Stock Up 2.3 %

DUK stock opened at $112.17 on Friday. The company’s 50 day moving average is $115.40 and its 200 day moving average is $109.27. The stock has a market cap of $86.65 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 2.96 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 Co. has a 1-year low of $88.27 and a 1-year high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter last year, the business posted $1.94 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. Sell-side analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is currently 76.84%.

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.