Revolve Wealth Partners LLC Purchases 125 Shares of Duke Energy Co. (NYSE:DUK)

Revolve Wealth Partners LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 4.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,275 shares of the utilities provider’s stock after buying an additional 125 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Duke Energy were worth $378,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Duke Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after purchasing an additional 324,289 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Duke Energy by 3.2% in the 1st quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after acquiring an additional 352,320 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after acquiring an additional 40,243 shares during the last quarter. Mackenzie Financial Corp raised its holdings in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares in the last quarter. Finally, Capital Wealth Planning LLC grew its stake in Duke Energy by 1.6% in the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock valued at $190,845,000 after purchasing an additional 31,309 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DUK shares. KeyCorp increased their price objective on Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. Evercore ISI lifted their price target on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Morgan Stanley upped their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Bank of America boosted their target price on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.10% of the company’s stock.

Duke Energy Trading Up 0.1 %

Shares of NYSE:DUK opened at $120.76 on Friday. The company has a market capitalization of $93.20 billion, a P/E ratio of 30.34, 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. The business’s 50 day simple moving average is $115.00 and its 200 day simple moving average is $106.74. Duke Energy Co. has a 1 year low of $85.79 and a 1 year high of $120.85.

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

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

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.