Cornell Pochily Investment Advisors Inc. Has $2.01 Million Stake in Duke Energy Co. (NYSE:DUK)

Cornell Pochily Investment Advisors Inc. reduced its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,444 shares of the utilities provider’s stock after selling 321 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in Duke Energy were worth $2,011,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in Duke Energy in the first quarter valued at $25,000. Fortitude Family Office LLC increased its position in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares in the last quarter. Riverview Trust Co acquired a new position in Duke Energy during the 1st quarter worth approximately $30,000. Olistico Wealth LLC acquired a new stake in Duke Energy in the second quarter valued at approximately $30,000. Finally, Cedar Wealth Management LLC increased its holdings in shares of Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 169 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Up 0.8 %

DUK opened at $115.14 on Tuesday. The company has a 50 day moving average of $114.46 and a 200 day moving average of $106.16. 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 Co. has a 12 month low of $85.79 and a 12 month high of $118.31. The company has a market cap of $88.86 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results 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 company had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, sell-side analysts expect that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

Analysts Set New Price Targets

Several analysts recently issued reports on DUK shares. The Goldman Sachs Group lifted their price target on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. BMO Capital Markets boosted their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Wells Fargo & Company raised their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Bank of America boosted their price objective on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. raised their target price on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and an average price target of $121.85.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.