Duke Energy Co. (NYSE:DUK) Shares Acquired by Balboa Wealth Partners

Balboa Wealth Partners increased its holdings in Duke Energy Co. (NYSE:DUK) by 96.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,277 shares of the utilities provider’s stock after acquiring an additional 4,053 shares during the quarter. Balboa Wealth Partners’ holdings in Duke Energy were worth $954,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC increased its stake in Duke Energy by 9.4% in the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after buying an additional 9,334 shares during the period. Goodman Advisory Group LLC acquired a new position in Duke Energy in the 2nd quarter valued at $2,888,000. Jupiter Asset Management Ltd. acquired a new position in Duke Energy in the 1st quarter valued at $1,396,000. PrairieView Partners LLC acquired a new position in Duke Energy in the 2nd quarter valued at $501,000. Finally, Intech Investment Management LLC increased its stake in Duke Energy by 362.7% in the 1st quarter. Intech Investment Management LLC now owns 27,543 shares of the utilities provider’s stock valued at $2,664,000 after buying an additional 21,590 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.6 %

NYSE DUK opened at $110.68 on Friday. The stock has a market cap of $85.50 billion, a PE ratio of 20.35, a P/E/G ratio of 2.93 and a beta of 0.47. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The business has a 50 day moving average price of $115.61 and a two-hundred day moving average price of $109.08. Duke Energy Co. has a fifty-two week low of $88.27 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the business earned $1.94 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.84%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DUK. BMO Capital Markets boosted their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Royal Bank of Canada restated an “outperform” rating and set a $135.00 target price on shares of Duke Energy in a research report on Thursday, August 29th. 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 research report on Wednesday, August 7th. Bank of America boosted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, The Goldman Sachs Group boosted their target price on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

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.