Duke Energy Co. (NYSE:DUK) Shares Acquired by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 5.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,247 shares of the utilities provider’s stock after purchasing an additional 124 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Duke Energy were worth $259,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at $25,000. Fortitude Family Office LLC boosted its stake in Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares in the last quarter. Olistico Wealth LLC purchased a new position in shares of Duke Energy during the second quarter worth about $30,000. Riverview Trust Co purchased a new stake in shares of Duke Energy in the 1st quarter valued at about $30,000. Finally, Sachetta LLC boosted its position in shares of Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 96 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Bank of America raised their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. KeyCorp upped their target price on shares of Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Finally, Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $121.00 in a report on Tuesday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.85.

Duke Energy Stock Up 1.8 %

DUK opened at $117.15 on Wednesday. The business has a 50 day simple moving average of $114.55 and a 200-day simple moving average of $106.30. Duke Energy Co. has a 12 month low of $85.79 and a 12 month high of $118.31. The stock has a market capitalization of $90.41 billion, a P/E ratio of 29.43, a P/E/G ratio of 3.06 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

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

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.57%. Duke Energy’s payout ratio is 105.03%.

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.