Allen Wealth Management LLC Purchases 195 Shares of Duke Energy Co. (NYSE:DUK)

Allen Wealth Management LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,293 shares of the utilities provider’s stock after purchasing an additional 195 shares during the period. Duke Energy accounts for 1.0% of Allen Wealth Management LLC’s portfolio, making the stock its 24th largest holding. Allen Wealth Management LLC’s holdings in Duke Energy were worth $1,417,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DUK. PBMares Wealth Management LLC lifted its stake in 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 acquiring an additional 86 shares during the period. Pinnacle West Asset Management Inc. lifted its position in Duke Energy by 2.1% during the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after purchasing an additional 90 shares during the period. Castleview Partners LLC boosted its holdings 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 purchasing an additional 90 shares during the last quarter. Chicago Capital LLC grew its position in Duke Energy by 0.9% during the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares during the period. Finally, Clear Creek Financial Management LLC raised its stake in shares of Duke Energy by 4.0% during the 3rd quarter. Clear Creek Financial Management LLC now owns 2,416 shares of the utilities provider’s stock valued at $279,000 after buying an additional 93 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of a number of analyst reports. Scotiabank boosted their price target on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Bank of America increased their price target on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company raised their price objective on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” 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 presently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Trading Down 2.2 %

Shares of DUK stock opened at $112.68 on Friday. Duke Energy Co. has a fifty-two week low of $86.61 and a fifty-two week high of $121.25. 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 stock’s fifty day moving average is $115.84 and its two-hundred day moving average is $108.25. The firm has a market capitalization of $87.01 billion, a P/E ratio of 20.75, a PEG ratio of 3.15 and a beta of 0.47.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping 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 firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same period last year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 76.98%.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the business’s 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 transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

About Duke Energy

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.