Tectonic Advisors LLC Acquires 6,522 Shares of Duke Energy Co. (NYSE:DUK)

Tectonic Advisors LLC grew its holdings in Duke Energy Co. (NYSE:DUK) by 13.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 53,850 shares of the utilities provider’s stock after purchasing an additional 6,522 shares during the period. Tectonic Advisors LLC’s holdings in Duke Energy were worth $6,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Pinnacle West Asset Management Inc. increased its stake in shares of 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 valued at $444,000 after purchasing an additional 90 shares during the last quarter. Castleview Partners LLC boosted its holdings in shares of Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after acquiring an additional 90 shares in the last quarter. Chicago Capital LLC boosted its holdings in shares of Duke Energy by 0.9% during the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after acquiring an additional 93 shares in the last quarter. Sachetta LLC boosted its holdings in shares of Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 96 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of Duke Energy by 1.6% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock valued at $611,000 after acquiring an additional 98 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of Duke Energy stock opened at $119.01 on Friday. Duke Energy Co. has a one year low of $86.61 and a one year high of $121.25. The firm has a market capitalization of $91.85 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 3.06 and a beta of 0.46. The business has a 50-day simple moving average of $115.40 and a 200 day simple moving average of $107.25. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same period in the previous year, the company posted $0.91 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year. On average, research analysts anticipate that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 105.03%.

Analyst Ratings Changes

DUK has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. BMO Capital Markets lifted their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday. Evercore ISI lifted their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Barclays lifted their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $121.85.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the completion of the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.