Duke Energy Co. (NYSE:DUK) Holdings Raised by Grandview Asset Management LLC

Grandview Asset Management LLC increased its stake in Duke Energy Co. (NYSE:DUK) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,266 shares of the utilities provider’s stock after purchasing an additional 107 shares during the quarter. Duke Energy makes up 0.9% of Grandview Asset Management LLC’s investment portfolio, making the stock its 24th largest holding. Grandview Asset Management LLC’s holdings in Duke Energy were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle West Asset Management Inc. lifted its holdings in Duke Energy by 2.1% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after buying an additional 90 shares in the last quarter. Sachetta LLC boosted its holdings in Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 96 shares during the last quarter. SeaCrest Wealth Management LLC increased its position in Duke Energy by 1.6% in the second quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 98 shares during the period. Waddell & Associates LLC raised its holdings in Duke Energy by 2.7% during the 2nd quarter. Waddell & Associates LLC now owns 3,753 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 99 shares during the last quarter. Finally, Indiana Trust & Investment Management CO lifted its position in Duke Energy by 4.9% during the 2nd quarter. Indiana Trust & Investment Management CO now owns 2,147 shares of the utilities provider’s stock valued at $215,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the 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 in the company, valued at $2,259,617.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DUK shares. Evercore ISI boosted their price target on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. BMO Capital Markets upped their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Scotiabank raised their price target on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Barclays upped their price objective on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $118.21.

Duke Energy Stock Down 1.5 %

DUK traded down $1.71 during trading on Friday, reaching $114.05. The company had a trading volume of 3,513,136 shares, compared to its average volume of 2,992,161. The business’s fifty day moving average price is $114.28 and its 200 day moving average price is $105.36. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $118.31. The company has a market cap of $88.02 billion, a P/E ratio of 28.66, a PEG ratio of 3.22 and a beta of 0.46.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Equities analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were issued a $1.045 dividend. The ex-dividend date of this dividend was Friday, August 16th. This is an increase from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.67%. Duke Energy’s dividend payout ratio (DPR) is 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.