Cypress Wealth Services LLC Grows Stake in Duke Energy Co. (NYSE:DUK)

Cypress Wealth Services LLC lifted its holdings in Duke Energy Co. (NYSE:DUK) by 40.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,550 shares of the utilities provider’s stock after buying an additional 1,609 shares during the quarter. Cypress Wealth Services LLC’s holdings in Duke Energy were worth $640,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at about $25,000. Fortitude Family Office LLC increased its stake in Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares in the last quarter. Olistico Wealth LLC purchased a new stake in Duke Energy during the 2nd quarter worth approximately $30,000. Riverview Trust Co purchased a new stake in Duke Energy during the 1st quarter worth approximately $30,000. Finally, Sachetta LLC increased its stake in Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after buying an additional 96 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DUK. JPMorgan Chase & Co. upped their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Wells Fargo & Company upped their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. KeyCorp upped their price target on Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Evercore ISI upped their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $120.15.

Insider Activity

In related 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 value of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Duke Energy Trading Up 1.5 %

NYSE:DUK traded up $1.67 during trading hours on Thursday, reaching $112.99. 348,813 shares of the stock were exchanged, compared to its average volume of 3,006,181. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The business has a 50-day moving average of $114.37 and a two-hundred day moving average of $105.69. Duke Energy Co. has a twelve month low of $85.79 and a twelve month high of $118.31. The company has a market capitalization of $87.20 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 3.22 and a beta of 0.46.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. The business 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%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.91 earnings per share. On average, equities analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.70%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is currently 105.03%.

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.