Peddock Capital Advisors LLC Invests $217,000 in Duke Energy Co. (NYSE:DUK)

Peddock Capital Advisors LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUK) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,884 shares of the utilities provider’s stock, valued at approximately $217,000.

A number of other large investors have also modified their holdings of the business. Tilia Fiduciary Partners Inc. grew its stake in shares of Duke Energy by 7.1% during the third quarter. Tilia Fiduciary Partners Inc. now owns 2,357 shares of the utilities provider’s stock worth $272,000 after acquiring an additional 156 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Duke Energy by 52.2% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,125 shares of the utilities provider’s stock valued at $591,000 after buying an additional 1,757 shares during the last quarter. Strategic Wealth Partners Ltd. boosted its position in Duke Energy by 2.1% in the third quarter. Strategic Wealth Partners Ltd. now owns 50,575 shares of the utilities provider’s stock valued at $5,831,000 after buying an additional 1,036 shares during the last quarter. Brookstone Capital Management boosted its position in Duke Energy by 4.1% in the third quarter. Brookstone Capital Management now owns 119,227 shares of the utilities provider’s stock valued at $13,747,000 after buying an additional 4,700 shares during the last quarter. Finally, O Keefe Stevens Advisory Inc. boosted its position in Duke Energy by 41.3% in the third quarter. O Keefe Stevens Advisory Inc. now owns 4,594 shares of the utilities provider’s stock valued at $530,000 after buying an additional 1,343 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the 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 completion of the transaction, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DUK. Jefferies Financial Group began coverage on Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price on the stock. The Goldman Sachs Group upped their target price on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays upped their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley upped their price objective on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Evercore ISI upped their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $118.21.

Duke Energy Trading Down 0.0 %

Shares of DUK traded down $0.01 during midday trading on Wednesday, reaching $110.66. The company had a trading volume of 661,842 shares, compared to its average volume of 3,004,732. Duke Energy Co. has a 1-year low of $85.79 and a 1-year high of $118.31. The stock has a market cap of $85.40 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 3.22 and a beta of 0.46. The firm has a 50 day simple moving average of $114.32 and a 200-day simple moving average of $105.65. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56.

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. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period last year, the company earned $0.91 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued 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 is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 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.