SeaCrest Wealth Management LLC Has $673,000 Position in Duke Energy Co. (NYSE:DUK)

SeaCrest Wealth Management LLC decreased its holdings in shares of Duke Energy Co. (NYSE:DUK) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,839 shares of the utilities provider’s stock after selling 254 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Duke Energy were worth $673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle West Asset Management Inc. grew its position in shares of Duke Energy by 2.1% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 90 shares during the period. Sachetta LLC increased its position in 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 buying an additional 96 shares during the last quarter. Waddell & Associates LLC lifted its position in shares of Duke Energy by 2.7% during the 2nd quarter. Waddell & Associates LLC now owns 3,753 shares of the utilities provider’s stock valued at $376,000 after buying an additional 99 shares during the last quarter. Indiana Trust & Investment Management CO grew its stake in shares of Duke Energy by 4.9% during the 2nd 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 period. Finally, Trust Investment Advisors increased its holdings in Duke Energy by 0.8% in the 2nd quarter. Trust Investment Advisors now owns 13,024 shares of the utilities provider’s stock worth $1,305,000 after acquiring an additional 100 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of several research reports. Morgan Stanley boosted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. KeyCorp increased their price objective on Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Evercore ISI lifted their target price on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Bank of America increased their price target on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $116.00 to $121.00 in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.10% of the company’s stock.

Duke Energy Stock Up 0.7 %

DUK opened at $120.58 on Friday. The company has a market cap of $93.06 billion, a P/E ratio of 30.30, a P/E/G ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a 12 month low of $85.79 and a 12 month high of $120.81. The business’s 50-day moving average price is $114.84 and its 200-day moving average price is $106.50. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56.

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

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 3.47%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 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.