Duke Energy Co. (NYSE:DUK) Shares Purchased by Harmony Asset Management LLC

Harmony Asset Management LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 5.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,671 shares of the utilities provider’s stock after buying an additional 932 shares during the quarter. Harmony Asset Management LLC’s holdings in Duke Energy were worth $1,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fortitude Family Office LLC lifted its position in shares of Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 119 shares in the last quarter. Olistico Wealth LLC acquired a new stake in Duke Energy in the 2nd quarter valued at $30,000. Northwest Investment Counselors LLC purchased a new position in Duke Energy during the third quarter worth about $30,000. Sachetta LLC boosted its holdings in shares of Duke Energy by 41.9% in the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after buying an additional 96 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new stake in Duke Energy during the third quarter worth approximately $38,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUK has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Jefferies Financial Group started coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price for the company. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Barclays boosted their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Price Performance

NYSE DUK opened at $115.17 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The stock has a market capitalization of $88.97 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 3.09 and a beta of 0.47. The business’s fifty day moving average price is $115.18 and its 200-day moving average price is $110.29. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the prior year, the business earned $1.94 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Co. will post 5.96 earnings per share for the current year.

Duke Energy Dividend Announcement

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 paid a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.63%. Duke Energy’s payout ratio is 76.84%.

Duke Energy 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.