Dover Advisors LLC Has $1.56 Million Position in Duke Energy Co. (NYSE:DUK)

Dover Advisors LLC increased its holdings in Duke Energy Co. (NYSE:DUK) by 12.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,535 shares of the utilities provider’s stock after acquiring an additional 1,500 shares during the period. Dover Advisors LLC’s holdings in Duke Energy were worth $1,561,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in Duke Energy by 3.2% in 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 in the last quarter. Duality Advisers LP grew its position in Duke Energy by 57.8% during the first quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock valued at $2,618,000 after buying an additional 9,917 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Duke Energy by 63.8% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock worth $4,324,000 after buying an additional 17,420 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of 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 period. Finally, Goodman Advisory Group LLC bought a new position in Duke Energy during the second quarter valued at $2,888,000. Institutional investors own 65.31% of the company’s stock.

Duke Energy Trading Up 1.8 %

Shares of Duke Energy stock traded up $2.06 on Tuesday, hitting $117.15. The stock had a trading volume of 2,863,249 shares, compared to its average volume of 3,036,387. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a one year low of $85.79 and a one year high of $118.31. The stock’s 50-day simple moving average is $114.46 and its two-hundred day simple moving average is $106.16. The stock has a market cap of $90.41 billion, a price-to-earnings ratio of 28.93, a PEG ratio of 3.06 and a beta of 0.46.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. As a group, sell-side analysts predict 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. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.57%. Duke Energy’s dividend payout ratio (DPR) is presently 105.03%.

Analyst Ratings Changes

A number of equities analysts have weighed in on DUK shares. Bank of America increased their target price on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Evercore ISI lifted their price target on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group assumed coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. Morgan Stanley raised their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Finally, BMO Capital Markets raised their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Insiders Place Their Bets

In related news, EVP Louis E. Renjel sold 540 shares of Duke Energy stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

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.