Creative Planning Has $35.10 Million Position in Duke Energy Co. (NYSE:DUK)

Creative Planning grew its position in shares of Duke Energy Co. (NYSE:DUK) by 9.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 304,434 shares of the utilities provider’s stock after purchasing an additional 25,937 shares during the quarter. Creative Planning’s holdings in Duke Energy were worth $35,101,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Duke Energy during the 1st quarter worth approximately $25,000. Fortitude Family Office LLC grew its stake in shares of Duke Energy by 69.6% in the second 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 last quarter. Olistico Wealth LLC bought a new position in Duke Energy during the 2nd quarter worth $30,000. Riverview Trust Co acquired a new position in Duke Energy during the 1st quarter worth about $30,000. Finally, Sachetta LLC increased its stake in shares of 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 buying an additional 96 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Up 0.1 %

DUK stock opened at $120.76 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy Co. has a fifty-two week low of $85.79 and a fifty-two week high of $120.85. The stock’s 50 day simple moving average is $115.00 and its 200 day simple moving average is $106.82. The company has a market cap of $93.20 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46.

Duke Energy (NYSE:DUK) last issued 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 company had revenue of $7.17 billion for 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%. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.91 EPS. On average, research analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.46%. Duke Energy’s dividend payout ratio is presently 105.03%.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly 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 document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

DUK has been the topic of a number of recent analyst reports. Evercore ISI lifted their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company upped their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Barclays increased their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. The Goldman Sachs Group boosted their target price on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, KeyCorp increased their price target on Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $121.85.

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.