Parallel Advisors LLC Has $702,000 Stake in Duke Energy Co. (NYSE:DUK)

Parallel Advisors LLC increased its stake in Duke Energy Co. (NYSE:DUK) by 3.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,006 shares of the utilities provider’s stock after purchasing an additional 247 shares during the period. Parallel Advisors LLC’s holdings in Duke Energy were worth $702,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in Duke Energy in the 1st quarter valued at approximately $25,000. Fortitude Family Office LLC raised its holdings 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 purchasing an additional 119 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of Duke Energy in the second quarter worth $30,000. Riverview Trust Co acquired a new position in Duke Energy during the first quarter worth $30,000. Finally, Sachetta LLC grew its position in Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $2,259,617.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research report on Thursday, August 29th. Scotiabank boosted their price target on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets increased their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group upped their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $114.23.

Duke Energy Trading Up 0.3 %

Shares of DUK stock opened at $117.70 on Tuesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. Duke Energy Co. has a fifty-two week low of $83.06 and a fifty-two week high of $118.31. The company has a market cap of $90.84 billion, a PE ratio of 29.57, a P/E/G ratio of 3.19 and a beta of 0.47. The stock’s fifty day moving average price is $111.54 and its two-hundred day moving average price is $103.31.

Duke Energy (NYSE:DUK) last issued its 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. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Equities analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 16th were issued a dividend of $1.045 per share. This is a boost from Duke Energy’s previous quarterly dividend of $1.03. This represents a $4.18 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, August 16th. Duke Energy’s payout ratio is 105.03%.

About Duke Energy

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.