Duke Energy Co. (NYSE:DUK) Shares Purchased by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC raised its position in Duke Energy Co. (NYSE:DUK) by 12.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,942 shares of the utilities provider’s stock after buying an additional 658 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Duke Energy were worth $685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in Duke Energy by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock worth $42,084,000 after purchasing an additional 13,406 shares during the period. Duality Advisers LP grew its holdings in shares of Duke Energy by 57.8% during the first quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock worth $2,618,000 after buying an additional 9,917 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in Duke Energy by 63.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock valued at $4,324,000 after acquiring an additional 17,420 shares during the period. Janus Henderson Group PLC raised its stake in Duke Energy by 9.4% during the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after acquiring an additional 9,334 shares during the last quarter. Finally, Goodman Advisory Group LLC acquired a new stake in Duke Energy during the 2nd quarter worth approximately $2,888,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Duke Energy

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of Duke Energy 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 completion of the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

Duke Energy Price Performance

NYSE DUK traded up $1.05 during trading hours on Friday, reaching $114.17. The company’s stock had a trading volume of 3,406,690 shares, compared to its average volume of 3,037,912. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a market cap of $88.16 billion, a PE ratio of 21.03, a PEG ratio of 3.06 and a beta of 0.46. The company’s 50-day moving average is $114.38 and its two-hundred day moving average is $105.88. Duke Energy Co. has a fifty-two week low of $85.79 and a fifty-two week high of $118.31.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data 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. The firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.98%.

Wall Street Analysts Forecast Growth

DUK has been the subject of several analyst reports. Wells Fargo & Company upped their price target on Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Morgan Stanley raised their target price on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a research note on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, BMO Capital Markets increased their target price on Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $120.15.

About Duke Energy

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.