Cross Staff Investments Inc Boosts Stock Holdings in Duke Energy Co. (NYSE:DUK)

Cross Staff Investments Inc grew its position in Duke Energy Co. (NYSE:DUK) by 5.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,781 shares of the utilities provider’s stock after purchasing an additional 332 shares during the period. Cross Staff Investments Inc’s holdings in Duke Energy were worth $782,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC raised its stake in shares of Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares during the period. Olistico Wealth LLC bought a new stake in Duke Energy in the 2nd quarter valued at about $30,000. Northwest Investment Counselors LLC purchased a new stake in Duke Energy during the third quarter valued at about $30,000. Cedar Wealth Management LLC boosted its position in Duke Energy by 101.2% during the first 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 period. Finally, EntryPoint Capital LLC purchased a new position in shares of Duke Energy in the first quarter worth about $36,000. 65.31% of the stock is owned by institutional investors.

Insider Activity

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

Duke Energy Trading Down 1.3 %

Shares of DUK stock opened at $119.01 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The firm has a market cap of $91.85 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The business has a 50-day moving average price of $115.40 and a two-hundred day moving average price of $107.25. Duke Energy Co. has a 12-month low of $86.61 and a 12-month high of $121.25.

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

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.51%. Duke Energy’s dividend payout ratio is currently 105.03%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. JPMorgan Chase & Co. boosted their price objective on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Evercore ISI raised their target price on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Scotiabank upped their price target on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research note on Thursday, August 29th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.