Duke Energy Co. (NYSE:DUK) Shares Bought by Americana Partners LLC

Americana Partners LLC increased its position in Duke Energy Co. (NYSE:DUK) by 20.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,672 shares of the utilities provider’s stock after buying an additional 787 shares during the period. Americana Partners LLC’s holdings in Duke Energy were worth $539,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DUK. Pathway Financial Advisers LLC raised its position in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after buying an additional 6,719,398 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after buying an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after buying an additional 813,744 shares during the last quarter. Wulff Hansen & CO. raised its position in shares of Duke Energy by 9,923.0% in the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after buying an additional 761,590 shares during the last quarter. Finally, BROOKFIELD Corp ON acquired a new position in shares of Duke Energy in the first quarter valued at approximately $36,278,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DUK shares. Wells Fargo & Company boosted their target price on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Scotiabank boosted their target price on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Jefferies Financial Group started coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

Duke Energy Price Performance

Shares of DUK stock opened at $112.67 on Friday. The company has a market capitalization of $87.00 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 3.11 and a beta of 0.46. The firm has a fifty day simple moving average of $115.84 and a 200-day simple moving average of $108.14. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25.

Duke Energy (NYSE:DUK) last announced 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. The business had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 earnings per share. Equities research analysts anticipate that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.71%. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

Insider Activity at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

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.