2,546 Shares in Duke Energy Co. (NYSE:DUK) Purchased by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,546 shares of the utilities provider’s stock, valued at approximately $294,000.

Several other institutional investors also recently modified their holdings of the business. Empowered Funds LLC raised its position in shares of Duke Energy by 11.7% during the 1st quarter. Empowered Funds LLC now owns 13,524 shares of the utilities provider’s stock valued at $1,308,000 after acquiring an additional 1,420 shares during the last quarter. HBK Sorce Advisory LLC raised its position in shares of Duke Energy by 3.1% during the first quarter. HBK Sorce Advisory LLC now owns 11,141 shares of the utilities provider’s stock worth $1,077,000 after purchasing an additional 339 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in shares of Duke Energy by 3.1% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 4,702 shares of the utilities provider’s stock valued at $455,000 after purchasing an additional 141 shares during the period. Gratus Wealth Advisors LLC increased its stake in Duke Energy by 6.7% during the 1st quarter. Gratus Wealth Advisors LLC now owns 9,721 shares of the utilities provider’s stock worth $933,000 after purchasing an additional 607 shares in the last quarter. Finally, Twin Tree Management LP bought a new position in Duke Energy in the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Stock Down 0.5 %

DUK opened at $111.27 on Thursday. Duke Energy Co. has a fifty-two week low of $88.27 and a fifty-two week high of $121.25. The company has a market capitalization of $85.95 billion, a P/E ratio of 20.45, a P/E/G ratio of 3.06 and a beta of 0.47. The stock has a fifty day moving average of $115.73 and a 200-day moving average of $109.07. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 EPS. On average, equities analysts expect that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Analyst Upgrades and Downgrades

DUK has been the topic of several research reports. Barclays boosted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets upped their price target on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Wells Fargo & Company boosted their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Morgan Stanley boosted their price target 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, Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a report on Thursday, August 29th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $121.85.

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.