Duke Energy Co. (NYSE:DUK) Shares Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC boosted its position in shares of Duke Energy Co. (NYSE:DUK) by 12.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 37,969 shares of the utilities provider’s stock after acquiring an additional 4,176 shares during the period. Kingsview Wealth Management LLC’s holdings in Duke Energy were worth $4,378,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in shares of Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares in the last quarter. Olistico Wealth LLC acquired a new position in shares of Duke Energy in the 2nd quarter valued at $30,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at $30,000. EntryPoint Capital LLC purchased a new stake in Duke Energy in the 1st quarter valued at $36,000. Finally, Sachetta LLC raised its position in Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

DUK has been the subject of several research reports. Evercore ISI upped their price target on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets upped their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Bank of America upped their price target on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Stock Performance

NYSE:DUK opened at $114.70 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a fifty-two week low of $89.92 and a fifty-two week high of $121.25. The stock has a market cap of $88.60 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47. The firm’s fifty day simple moving average is $115.14 and its 200-day simple moving average is $109.74.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period last year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. 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 disclosed 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. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.64%. Duke Energy’s payout ratio is 76.84%.

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.