Atomi Financial Group Inc. Buys 310 Shares of Duke Energy Co. (NYSE:DUK)

Atomi Financial Group Inc. grew its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,377 shares of the utilities provider’s stock after acquiring an additional 310 shares during the period. Atomi Financial Group Inc.’s holdings in Duke Energy were worth $1,427,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after acquiring an additional 324,289 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after acquiring an additional 352,320 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Duke Energy by 1.7% during the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after acquiring an additional 40,243 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the last quarter. Finally, Capital Wealth Planning LLC raised its stake in shares of Duke Energy by 1.6% during the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock valued at $190,845,000 after acquiring an additional 31,309 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the subject of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Bank of America increased their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. KeyCorp increased their price objective on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, September 30th. Finally, Jefferies Financial Group initiated coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.21.

Duke Energy Stock Up 0.4 %

Duke Energy stock opened at $110.67 on Wednesday. Duke Energy Co. has a 1-year low of $85.79 and a 1-year high of $118.31. The firm has a market capitalization of $85.41 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 3.22 and a beta of 0.46. The firm’s fifty day moving average price is $114.31 and its two-hundred day moving average price is $105.54. 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 (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $6.84 billion. During the same period last year, the firm earned $0.91 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, equities research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is currently 105.03%.

Insiders Place Their Bets

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company’s stock.

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.