Advisors Management Group Inc. ADV Increases Stock Holdings in Duke Energy Co. (NYSE:DUK)

Advisors Management Group Inc. ADV raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,277 shares of the utilities provider’s stock after purchasing an additional 98 shares during the period. Advisors Management Group Inc. ADV’s holdings in Duke Energy were worth $3,260,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Graypoint LLC boosted its stake in shares of Duke Energy by 4.3% in the third quarter. Graypoint LLC now owns 5,018 shares of the utilities provider’s stock valued at $579,000 after purchasing an additional 209 shares during the period. Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Duke Energy in the third quarter worth $1,107,000. Concurrent Investment Advisors LLC raised its position in shares of Duke Energy by 6.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 42,463 shares of the utilities provider’s stock valued at $4,896,000 after acquiring an additional 2,643 shares in the last quarter. Radnor Capital Management LLC lifted its stake in Duke Energy by 24.6% in the third quarter. Radnor Capital Management LLC now owns 9,703 shares of the utilities provider’s stock valued at $1,119,000 after buying an additional 1,915 shares during the last quarter. Finally, Catalina Capital Group LLC boosted its holdings in shares of Duke Energy by 13.3% during the third quarter. Catalina Capital Group LLC now owns 3,511 shares of the utilities provider’s stock valued at $405,000 after acquiring an additional 413 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DUK. The Goldman Sachs Group lifted their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a report on Thursday, August 29th. Barclays lifted their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Stock Down 0.4 %

DUK stock opened at $113.62 on Thursday. 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 firm has a market cap of $87.74 billion, a PE ratio of 20.92, a P/E/G ratio of 3.08 and a beta of 0.47. Duke Energy Co. has a 12 month low of $86.61 and a 12 month high of $121.25. The firm has a 50 day simple moving average of $115.89 and a 200 day simple moving average of $108.61.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. Equities research analysts forecast that Duke Energy Co. will post 5.98 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. Investors 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 dividend on an annualized basis and a yield of 3.68%. Duke Energy’s dividend payout ratio is currently 76.98%.

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.