Duke Energy Co. (NYSE:DUK) Shares Acquired by Castleview Partners LLC

Castleview Partners LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 4.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,944 shares of the utilities provider’s stock after buying an additional 90 shares during the period. Castleview Partners LLC’s holdings in Duke Energy were worth $224,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Duke Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after purchasing an additional 324,289 shares during the period. Capital Research Global Investors raised its holdings in shares of Duke Energy by 3.2% during 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 buying an additional 352,320 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after acquiring an additional 40,243 shares during the period. Mackenzie Financial Corp grew its position in Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares in the last quarter. Finally, Capital Wealth Planning LLC lifted its position in shares of Duke Energy by 1.6% during the first quarter. Capital Wealth Planning LLC now owns 1,973,369 shares of the utilities provider’s stock worth $190,845,000 after purchasing an additional 31,309 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK traded down $0.71 during trading hours on Monday, hitting $120.05. The company had a trading volume of 768,870 shares, compared to its average volume of 3,044,034. Duke Energy Co. has a fifty-two week low of $85.79 and a fifty-two week high of $121.25. The firm has a market cap of $92.65 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The business has a fifty day simple moving average of $115.00 and a 200-day simple moving average of $106.82.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, beating 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 firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same period last year, the firm posted $0.91 EPS. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.48%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 105.03%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DUK. Bank of America boosted their price target on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. BMO Capital Markets raised their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group increased their price target on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Insider Activity at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 19,884 shares in the company, valued at $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Duke Energy Company 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.