Tectonic Advisors LLC Has $3.91 Million Holdings in Duke Energy Co. (NYSE:DUK)

Tectonic Advisors LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,326 shares of the utilities provider’s stock after acquiring an additional 2,415 shares during the quarter. Tectonic Advisors LLC’s holdings in Duke Energy were worth $3,913,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its position in shares of Duke Energy by 100,433.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock worth $808,123,000 after purchasing an additional 7,838,811 shares during the last quarter. Imprint Wealth LLC boosted its stake in Duke Energy by 8,722.3% in the 2nd quarter. Imprint Wealth LLC now owns 1,127,837 shares of the utilities provider’s stock valued at $112,784,000 after purchasing an additional 1,115,053 shares during the period. Morgan Stanley grew its position in shares of Duke Energy by 11.5% during the 4th quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock worth $1,031,772,000 after purchasing an additional 1,037,012 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Duke Energy by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 23,010,030 shares of the utilities provider’s stock worth $2,030,865,000 after purchasing an additional 1,002,157 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Duke Energy by 2,064.4% in the 1st quarter. Two Sigma Investments LP now owns 860,421 shares of the utilities provider’s stock valued at $83,005,000 after buying an additional 820,667 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the transaction, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Duke Energy Stock Down 1.2 %

Duke Energy stock opened at $93.67 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 1.50. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39. The firm has a market capitalization of $72.26 billion, a price-to-earnings ratio of 26.39, a price-to-earnings-growth ratio of 3.01 and a beta of 0.46. The firm’s fifty day moving average price is $94.11 and its two-hundred day moving average price is $92.86.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.02). The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. On average, equities research analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Friday, February 16th were given a $1.025 dividend. This represents a $4.10 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Thursday, February 15th. Duke Energy’s dividend payout ratio is 115.49%.

Analyst Ratings Changes

Several research firms have weighed in on DUK. JPMorgan Chase & Co. upped their target price on Duke Energy from $98.00 to $101.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 29th. KeyCorp boosted their target price on Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a research note on Thursday, January 4th. Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and decreased their price target for the company from $105.00 to $96.00 in a report on Monday, February 12th. Evercore ISI raised shares of Duke Energy from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Finally, BMO Capital Markets reduced their price objective on Duke Energy from $101.00 to $100.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $100.00.

Duke Energy Company 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.