Peddock Capital Advisors LLC Buys New Position in Duke Energy Co. (NYSE:DUK)

Peddock Capital Advisors LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,884 shares of the utilities provider’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DUK. Pinnacle West Asset Management Inc. raised its holdings in shares of Duke Energy by 2.1% in the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 90 shares during the last quarter. Sachetta LLC raised its holdings in shares of Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in shares of Duke Energy by 1.6% in the second quarter. SeaCrest Wealth Management LLC now owns 6,093 shares of the utilities provider’s stock worth $611,000 after acquiring an additional 98 shares during the last quarter. Waddell & Associates LLC raised its holdings in shares of Duke Energy by 2.7% in the second quarter. Waddell & Associates LLC now owns 3,753 shares of the utilities provider’s stock worth $376,000 after acquiring an additional 99 shares during the last quarter. Finally, Indiana Trust & Investment Management CO raised its holdings in shares of Duke Energy by 4.9% in the second quarter. Indiana Trust & Investment Management CO now owns 2,147 shares of the utilities provider’s stock worth $215,000 after acquiring an additional 100 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the company’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 sale, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Bank of America upped their target price on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Jefferies Financial Group assumed coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. BMO Capital Markets upped their target price on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley upped their target price on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus price target of $118.21.

Duke Energy Stock Down 0.0 %

DUK traded down $0.01 on Wednesday, reaching $110.66. The company’s stock had a trading volume of 661,842 shares, compared to its average volume of 3,004,732. The stock has a market cap of $85.40 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 3.22 and a beta of 0.46. Duke Energy Co. has a 1 year low of $85.79 and a 1 year high of $118.31. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The business’s 50 day moving average is $114.32 and its 200 day moving average is $105.65.

Duke Energy (NYSE:DUK) last issued its quarterly 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. 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%. Duke Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. As a group, research analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 105.03%.

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.