PFG Advisors Purchases 437 Shares of Duke Energy Corporation $DUK

PFG Advisors boosted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 10.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,540 shares of the utilities provider’s stock after buying an additional 437 shares during the period. PFG Advisors’ holdings in Duke Energy were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Activest Wealth Management lifted its position in Duke Energy by 98.1% in the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after buying an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Duke Energy during the first quarter worth approximately $27,000. Legacy Investment Solutions LLC bought a new stake in shares of Duke Energy in the 2nd quarter worth approximately $28,000. Mascoma Wealth Management LLC boosted its stake in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of Duke Energy by 360.0% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 198 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Up 0.7%

NYSE DUK opened at $123.74 on Wednesday. The firm has a market capitalization of $96.22 billion, a PE ratio of 20.12, a P/E/G ratio of 3.05 and a beta of 0.45. The stock’s 50 day moving average is $124.02 and its 200 day moving average is $120.87. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. Duke Energy had a return on equity of 9.85% and a net margin of 15.51%.The business had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. During the same quarter last year, the firm posted $1.62 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Research analysts forecast that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s payout ratio is presently 66.98%.

Insiders Place Their Bets

In other Duke Energy news, SVP Bonnie B. Titone sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total transaction of $248,760.00. Following the completion of the transaction, the senior vice president owned 19,608 shares of the company’s stock, valued at approximately $2,438,843.04. This trade represents a 9.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on DUK. Mizuho lifted their price objective on Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. UBS Group lifted their price target on Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Morgan Stanley increased their price objective on Duke Energy from $127.00 to $136.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. BMO Capital Markets lifted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock an “outperform” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada upgraded shares of Duke Energy to a “hold” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $138.00.

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.