Duke Energy Co. (NYSE:DUK) Shares Purchased by Callan Family Office LLC

Callan Family Office LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,366 shares of the utilities provider’s stock after purchasing an additional 117 shares during the quarter. Callan Family Office LLC’s holdings in Duke Energy were worth $273,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of Duke Energy in the 1st quarter worth about $25,000. Fortitude Family Office LLC raised its holdings in shares of Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares during the period. Riverview Trust Co purchased a new position in shares of Duke Energy in the 1st quarter worth about $30,000. Olistico Wealth LLC purchased a new stake in shares of Duke Energy during the 2nd quarter valued at about $30,000. Finally, Cedar Wealth Management LLC raised its holdings 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 valued at $32,000 after buying an additional 169 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is owned by company insiders.

Duke Energy Trading Up 0.4 %

Shares of NYSE DUK opened at $110.67 on Wednesday. The company has a market cap 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. Duke Energy Co. has a 12-month low of $85.79 and a 12-month high of $118.31. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The stock’s 50 day simple moving average is $114.31 and its 200 day simple moving average is $105.54.

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

Duke Energy Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is currently 105.03%.

Analyst Upgrades and Downgrades

DUK has been the topic of several analyst reports. Barclays raised their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Bank of America raised their target price on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Wells Fargo & Company raised their target price on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Jefferies Financial Group started coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price on the stock. Finally, The Goldman Sachs Group raised their price objective on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.21.

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.