Integrated Advisors Network LLC Grows Position in Duke Energy Co. (NYSE:DUK)

Integrated Advisors Network LLC grew its stake in Duke Energy Co. (NYSE:DUK) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,258 shares of the utilities provider’s stock after acquiring an additional 134 shares during the quarter. Integrated Advisors Network LLC’s holdings in Duke Energy were worth $1,875,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DUK. Diversified Trust Co raised its position in shares of Duke Energy by 41.3% in the first quarter. Diversified Trust Co now owns 8,092 shares of the utilities provider’s stock valued at $783,000 after buying an additional 2,367 shares during the last quarter. Wasatch Advisors LP grew its stake in Duke Energy by 3.7% in the 1st quarter. Wasatch Advisors LP now owns 72,700 shares of the utilities provider’s stock worth $7,031,000 after acquiring an additional 2,600 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Duke Energy by 14.8% during the 1st quarter. Valeo Financial Advisors LLC now owns 21,368 shares of the utilities provider’s stock worth $2,066,000 after purchasing an additional 2,747 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Duke Energy by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 83,625 shares of the utilities provider’s stock worth $8,087,000 after purchasing an additional 400 shares during the last quarter. Finally, Norden Group LLC grew its position in shares of Duke Energy by 4,774.7% in the first quarter. Norden Group LLC now owns 130,300 shares of the utilities provider’s stock valued at $12,602,000 after purchasing an additional 127,627 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BMO Capital Markets increased their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Bank of America upped their price target on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Evercore ISI upped their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Price Performance

DUK stock opened at $114.41 on Wednesday. The stock has a 50-day simple moving average of $115.74 and a 200-day simple moving average of $107.92. The firm has a market cap of $88.35 billion, a P/E ratio of 21.07, a price-to-earnings-growth ratio of 3.27 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy Co. has a 1 year low of $86.61 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. On average, equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm 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 $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is 76.98%.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

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.