Everpar Advisors LLC Acquires New Shares in Duke Energy Co. (NYSE:DUK)

Everpar Advisors LLC bought a new position in Duke Energy Co. (NYSE:DUK) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,886 shares of the utilities provider’s stock, valued at approximately $217,000.

Several other large investors have also recently bought and sold shares of DUK. Northwest Investment Counselors LLC bought a new position in Duke Energy in the 1st quarter valued at approximately $25,000. Fortitude Family Office LLC raised its stake in shares of Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Duke Energy during the first quarter worth $30,000. Olistico Wealth LLC bought a new stake in shares of Duke Energy in the second quarter worth $30,000. Finally, Cedar Wealth Management LLC raised its position in 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 purchasing an additional 169 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Performance

NYSE:DUK opened at $110.67 on Wednesday. Duke Energy Co. has a 52-week low of $85.79 and a 52-week high of $118.31. The business’s fifty day moving average is $114.31 and its 200 day moving average is $105.54. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The firm has a market cap of $85.41 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 3.22 and a beta of 0.46.

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 analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. Research analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.78%. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DUK. Scotiabank increased their price target on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. KeyCorp raised their price target on shares of Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. BMO Capital Markets upped their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Company increased their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $118.21.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

About Duke Energy

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.