15,949 Shares of Duke Energy Corporation $DUK Purchased by Leo Wealth LLC

Leo Wealth LLC bought a new position in shares of Duke Energy Corporation (NYSE:DUK) in the third quarter, Holdings Channel reports. The institutional investor bought 15,949 shares of the utilities provider’s stock, valued at approximately $1,818,000.

Other hedge funds have also recently modified their holdings of the company. Compass Wealth Management LLC acquired a new stake in Duke Energy in the 3rd quarter worth about $33,000. IAG Wealth Partners LLC raised its holdings in shares of Duke Energy by 154.6% during the first quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 167 shares during the last quarter. Evergreen Advisors LLC acquired a new position in shares of Duke Energy during the first quarter valued at approximately $36,000. Dynamic Wealth Strategies LLC acquired a new position in shares of Duke Energy during the first quarter valued at approximately $38,000. Finally, Millstone Evans Group LLC lifted its position in shares of Duke Energy by 53.1% in the first quarter. Millstone Evans Group LLC now owns 297 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 103 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $124.56 on Tuesday. Duke Energy Corporation has a one year low of $112.40 and a one year high of $134.49. The stock has a market cap of $97.12 billion, a PE ratio of 18.74, a P/E/G ratio of 2.92 and a beta of 0.36. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The stock has a 50 day moving average price of $118.94 and a 200 day moving average price of $124.05.

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

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be issued a dividend of $1.0850 per share. This represents a $4.34 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, November 13th. Duke Energy’s payout ratio is currently 65.17%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Duke Energy from $137.00 to $130.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Mizuho set a $136.00 price target on Duke Energy in a research report on Wednesday, August 5th. BTIG Research reissued a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. Barclays decreased their price objective on Duke Energy from $132.00 to $124.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Duke Energy in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $132.19.

About Duke Energy

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.