Duke Energy Co. (NYSE:DUK) Shares Bought by Strategic Wealth Partners Ltd.

Strategic Wealth Partners Ltd. grew its holdings in Duke Energy Co. (NYSE:DUK) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,575 shares of the utilities provider’s stock after purchasing an additional 1,036 shares during the quarter. Strategic Wealth Partners Ltd.’s holdings in Duke Energy were worth $5,831,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DUK. Mackenzie Financial Corp increased its position in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares in the last quarter. Wulff Hansen & CO. raised its stake in Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after purchasing an additional 761,590 shares during the last quarter. BROOKFIELD Corp ON purchased a new position in Duke Energy in the 1st quarter valued at about $36,278,000. Capital Research Global Investors grew its holdings in shares of Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after buying an additional 352,320 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Duke Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after buying an additional 324,289 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DUK has been the subject of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Scotiabank upped their target price on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays raised their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. Morgan Stanley increased their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Evercore ISI raised their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $118.21.

Insider Activity at Duke Energy

In other 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 value of $61,365.60. Following the completion of the sale, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Duke Energy Trading Up 0.4 %

Shares of DUK opened at $110.67 on Wednesday. Duke Energy Co. has a one year low of $85.79 and a one year high of $118.31. The stock has a 50-day moving average price of $114.32 and a 200 day moving average price of $105.65. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The company has a market capitalization of $85.41 billion, a P/E ratio of 27.81, a P/E/G ratio of 3.22 and a beta of 0.46.

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

Duke Energy Dividend Announcement

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