Duke Energy Co. (NYSE:DUK) Shares Acquired by Doliver Advisors LP

Doliver Advisors LP increased its holdings in Duke Energy Co. (NYSE:DUK) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,313 shares of the utilities provider’s stock after buying an additional 185 shares during the quarter. Doliver Advisors LP’s holdings in Duke Energy were worth $958,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in shares of Duke Energy during the 1st quarter valued at about $25,000. Fortitude Family Office LLC boosted its holdings 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 buying an additional 119 shares in the last quarter. Riverview Trust Co purchased a new position in Duke Energy in the first quarter valued at $30,000. Olistico Wealth LLC acquired a new position in shares of Duke Energy in the second quarter worth about $30,000. Finally, Cedar Wealth Management LLC boosted its stake in shares of 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 in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on DUK. Evercore ISI raised their price objective on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group increased their target price on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. KeyCorp raised their target price on Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Morgan Stanley increased their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $118.21.

Insider Activity

In other Duke Energy 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 sale, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Duke Energy Stock Performance

NYSE:DUK opened at $116.66 on Thursday. The firm has a market capitalization of $90.03 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.22 and a beta of 0.46. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $118.31. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The company’s 50-day moving average is $113.99 and its two-hundred day moving average is $105.08.

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, 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 company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the firm posted $0.91 earnings per share. Duke Energy’s revenue was up 9.0% compared to the same quarter last year. Analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were given a dividend of $1.045 per share. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a dividend yield of 3.58%. The ex-dividend date was Friday, August 16th. Duke Energy’s dividend payout ratio (DPR) 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.