4,000 Shares of Duke Energy Corporation $DUK Bought by T3 Companies LLC

T3 Companies LLC purchased a new stake in Duke Energy Corporation (NYSE:DUK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,000 shares of the utilities provider’s stock, valued at approximately $456,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Ables Iannone Moore & Associates Inc. boosted its holdings in Duke Energy by 1.2% in the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 6,623 shares of the utilities provider’s stock worth $838,000 after buying an additional 80 shares during the period. Sharp Wealth Advisory LLC raised its holdings in Duke Energy by 4.5% during the 1st quarter. Sharp Wealth Advisory LLC now owns 1,876 shares of the utilities provider’s stock valued at $246,000 after acquiring an additional 81 shares during the period. Absher Wealth Management LLC raised its holdings in Duke Energy by 2.3% during the 1st quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider’s stock valued at $478,000 after acquiring an additional 81 shares during the period. Walker Asset Management LLC lifted its position in shares of Duke Energy by 1.7% during the first quarter. Walker Asset Management LLC now owns 4,973 shares of the utilities provider’s stock worth $651,000 after acquiring an additional 85 shares in the last quarter. Finally, Angeles Wealth Management LLC lifted its position in shares of Duke Energy by 1.1% during the second quarter. Angeles Wealth Management LLC now owns 7,617 shares of the utilities provider’s stock worth $964,000 after acquiring an additional 85 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 3.9%

Duke Energy stock opened at $125.40 on Friday. The stock has a market cap of $97.78 billion, a P/E ratio of 18.83, a PEG ratio of 2.81 and a beta of 0.36. Duke Energy Corporation has a fifty-two week low of $112.40 and a fifty-two week high of $134.49. The firm’s fifty day moving average price is $118.84 and its 200-day moving average price is $123.45. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The company had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. During the same quarter last year, the company earned $1.25 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Equities research analysts forecast that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be issued a $1.0850 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.34 annualized dividend and a dividend yield of 3.5%. Duke Energy’s dividend payout ratio (DPR) is presently 65.17%.

Trending Headlines about Duke Energy

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Morgan Stanley raised its price target for Duke Energy from $127 to $128 while maintaining an “equal weight” rating. The increase suggests limited but slightly improved upside based on the firm’s updated outlook. Morgan Stanley raises Duke Energy price target
• Positive Sentiment: A Davidson County, North Carolina, planning board recommended approval of a Duke Energy natural-gas project, while related rezoning plans in Lexington moved forward. Progress on the project could support Duke’s generation capacity and long-term reliability, although additional approvals may still be required. Davidson County planning board recommends approval
• Neutral Sentiment: Duke Energy lineworkers received six awards at the International Lineman’s Rodeo. The recognition highlights workforce expertise and grid-maintenance capabilities but is unlikely to materially affect near-term earnings. Duke Energy lineworkers earn six awards
• Neutral Sentiment: Duke Energy has attracted increased attention from Zacks readers. The coverage is informational and does not represent a new earnings, guidance, or valuation catalyst. Zacks Duke Energy investor attention
• Negative Sentiment: HSBC initiated coverage with a “hold” rating and a $123 price target, below the recently cited trading level. The cautious view signals limited near-term upside and could restrain enthusiasm for DUK. HSBC initiates coverage of Duke Energy
• Negative Sentiment: Cincinnati residents pushed back against Duke Energy’s proposed rate increase. Opposition could create regulatory uncertainty or delay recovery of higher operating and infrastructure costs if regulators require changes to the request. Cincinnati residents oppose Duke Energy rate increase

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DUK shares. Wall Street Zen upgraded Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Morgan Stanley increased their price objective on Duke Energy from $127.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Duke Energy in a research note on Friday, July 31st. BTIG Research reaffirmed a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. Finally, BMO Capital Markets reduced their target price on Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a report on Wednesday, August 5th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.19.

Duke Energy Company Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.