PFG Advisors Buys 485 Shares of Duke Energy Co. (NYSE:DUK)

PFG Advisors lifted its stake in Duke Energy Co. (NYSE:DUKFree Report) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,069 shares of the utilities provider’s stock after buying an additional 485 shares during the period. PFG Advisors’ holdings in Duke Energy were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Shepherd Financial Partners LLC lifted its position in Duke Energy by 0.5% in the 1st quarter. Shepherd Financial Partners LLC now owns 20,845 shares of the utilities provider’s stock valued at $2,326,000 after acquiring an additional 94 shares in the last quarter. First Manhattan Co. lifted its position in Duke Energy by 0.9% in the 4th quarter. First Manhattan Co. now owns 11,917 shares of the utilities provider’s stock valued at $1,227,000 after acquiring an additional 107 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of Duke Energy by 0.6% during the 1st quarter. Belpointe Asset Management LLC now owns 19,405 shares of the utilities provider’s stock worth $1,872,000 after buying an additional 112 shares in the last quarter. Exencial Wealth Advisors LLC lifted its position in shares of Duke Energy by 1.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 10,031 shares of the utilities provider’s stock worth $1,033,000 after buying an additional 113 shares in the last quarter. Finally, Chemung Canal Trust Co. lifted its position in shares of Duke Energy by 0.8% during the 4th quarter. Chemung Canal Trust Co. now owns 14,483 shares of the utilities provider’s stock worth $1,405,000 after buying an additional 113 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 3,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $92.57, for a total value of $277,710.00. Following the completion of the transaction, the executive vice president now directly owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of several recent analyst reports. BMO Capital Markets dropped their target price on shares of Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $90.00 to $108.00 in a research report on Tuesday, January 23rd. Wells Fargo & Company dropped their target price on shares of Duke Energy from $103.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, February 9th. KeyCorp lifted their target price on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research report on Thursday, January 4th. Finally, Royal Bank of Canada upgraded shares of Duke Energy from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $101.00 to $113.00 in a research note on Wednesday, January 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $100.00.

Get Our Latest Stock Analysis on Duke Energy

Duke Energy Stock Up 0.5 %

Duke Energy stock opened at $96.55 on Wednesday. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39. The firm has a market capitalization of $74.48 billion, a price-to-earnings ratio of 27.20, a P/E/G ratio of 2.58 and a beta of 0.46. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. The firm has a 50 day simple moving average of $94.07 and a 200 day simple moving average of $92.97.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). Duke Energy had a net margin of 9.78% and a return on equity of 8.93%. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.24 billion. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 16th were issued a $1.025 dividend. This represents a $4.10 annualized dividend and a yield of 4.25%. The ex-dividend date was Thursday, February 15th. Duke Energy’s payout ratio is 115.49%.

About Duke Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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