FLC Capital Advisors Buys 349 Shares of Duke Energy Co. (NYSE:DUK)

by · The Markets Daily

FLC Capital Advisors lifted its stake in Duke Energy Co. (NYSE:DUK – Free Report) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,218 shares of the utilities provider’s stock after purchasing an additional 349 shares during the period. FLC Capital Advisors’ holdings in Duke Energy were worth $486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DUK. Mackenzie Financial Corp boosted its position in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in Duke Energy by 9,923.0% during the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after acquiring an additional 761,590 shares in the last quarter. BROOKFIELD Corp ON bought a new position in Duke Energy during the first quarter worth about $36,278,000. Capital Research Global Investors lifted its holdings in 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 acquiring an additional 352,320 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after acquiring an additional 324,289 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Duke Energy 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 transaction of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $119.80 on Thursday. 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 stock’s 50-day simple moving average is $114.67 and its 200 day simple moving average is $106.40. The company has a market cap of $92.46 billion, a P/E ratio of 30.10, a P/E/G ratio of 3.06 and a beta of 0.46. Duke Energy Co. has a 52-week low of $85.79 and a 52-week high of $120.09.

Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $7.17 billion for 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 quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

Wall Street Analyst Weigh In

Several research firms have weighed in on DUK. KeyCorp lifted their target price on Duke Energy from $121.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Jefferies Financial Group assumed coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price on the stock. JPMorgan Chase & Co. boosted their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Morgan Stanley boosted their price target on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Evercore ISI boosted their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average price target of $121.85.

Read Our Latest Research Report on DUK

Duke Energy Profile

(Free Report)

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.

Further Reading

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