PSI Advisors LLC Has $646,000 Stake in Duke Energy Co. (NYSE:DUK)

PSI Advisors LLC lowered its stake in Duke Energy Co. (NYSE:DUK) by 10.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,602 shares of the utilities provider’s stock after selling 650 shares during the period. PSI Advisors LLC’s holdings in Duke Energy were worth $646,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its position in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares during the period. Riverview Trust Co bought a new stake in shares of Duke Energy during the 1st quarter worth $30,000. Olistico Wealth LLC acquired a new position in Duke Energy in the 2nd quarter valued at $30,000. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 3rd quarter worth $30,000. Finally, Cedar Wealth Management LLC lifted its position in Duke Energy by 101.2% during the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 169 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on DUK. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Evercore ISI increased their price objective on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Barclays boosted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group assumed coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $120.64 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The firm’s 50-day simple moving average is $115.40 and its 200-day simple moving average is $107.25. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25. The firm has a market cap of $93.11 billion, a P/E ratio of 30.29, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating 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 period in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. As a group, research analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 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.