Concord Wealth Partners Buys 207 Shares of Duke Energy Co. (NYSE:DUK)

Concord Wealth Partners grew its stake in Duke Energy Co. (NYSE:DUK) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 5,678 shares of the utilities provider’s stock after acquiring an additional 207 shares during the period. Concord Wealth Partners’ holdings in Duke Energy were worth $655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Pinnacle West Asset Management Inc. raised its stake in Duke Energy by 2.1% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after purchasing an additional 90 shares in the last quarter. Castleview Partners LLC raised its stake in Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after purchasing an additional 90 shares in the last quarter. Chicago Capital LLC raised its stake in Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after purchasing an additional 93 shares in the last quarter. Sachetta LLC raised its stake in Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 96 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its stake in Duke Energy by 1.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after purchasing an additional 98 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

DUK traded up $0.20 on Monday, reaching $117.41. The company had a trading volume of 364,658 shares, compared to its average volume of 3,029,284. The business has a 50 day simple moving average of $115.61 and a 200 day simple moving average of $107.63. The company has a market cap of $90.66 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 3.27 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy Co. has a 52-week low of $86.61 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business 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%. Duke Energy’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

Wall Street Analyst Weigh In

Several analysts have weighed in on DUK shares. Bank of America lifted their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Barclays boosted their target price 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. Evercore ISI boosted their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.85.

Insiders Place Their Bets

In related news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.10% of the company’s stock.

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.