Duke Energy Co. (NYSE:DUK) Shares Acquired by Northcape Wealth Management LLC

Northcape Wealth Management LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,818 shares of the utilities provider’s stock after purchasing an additional 305 shares during the quarter. Northcape Wealth Management LLC’s holdings in Duke Energy were worth $1,593,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC grew its stake in 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 acquiring an additional 119 shares during the last quarter. Olistico Wealth LLC acquired a new stake in shares of Duke Energy in the second quarter valued at approximately $30,000. Northwest Investment Counselors LLC purchased a new position in shares of Duke Energy during the 3rd quarter worth approximately $30,000. Cedar Wealth Management LLC raised its position in shares of Duke Energy by 101.2% during the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 169 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Duke Energy in the 1st quarter valued at approximately $36,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Duke Energy Stock Performance

NYSE DUK opened at $112.16 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a 1-year low of $88.27 and a 1-year high of $121.25. The firm has a market capitalization of $86.64 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.93 and a beta of 0.47. The business’s 50-day simple moving average is $115.40 and its 200-day simple moving average is $109.19.

Duke Energy (NYSE:DUK) last announced 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 net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same period last year, the firm earned $1.94 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.73%. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DUK. Barclays boosted their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Royal Bank of Canada restated an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. Evercore ISI raised their price target on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group boosted their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Finally, Bank of America raised 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy 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.