Duke Energy Corporation $DUK Stake Boosted by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in shares of Duke Energy Corporation (NYSE:DUK) by 37.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,642 shares of the utilities provider’s stock after acquiring an additional 11,409 shares during the period. Farther Finance Advisors LLC’s holdings in Duke Energy were worth $5,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DUK. O Keefe Stevens Advisory Inc. increased its position in Duke Energy by 2.4% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 9,899 shares of the utilities provider’s stock worth $1,225,000 after purchasing an additional 229 shares during the last quarter. Precedent Wealth Partners LLC increased its holdings in Duke Energy by 6.9% in the third quarter. Precedent Wealth Partners LLC now owns 14,914 shares of the utilities provider’s stock worth $1,846,000 after buying an additional 961 shares during the last quarter. HBK Sorce Advisory LLC increased its holdings in Duke Energy by 28.8% in the third quarter. HBK Sorce Advisory LLC now owns 14,877 shares of the utilities provider’s stock worth $1,863,000 after buying an additional 3,327 shares during the last quarter. Jamison Private Wealth Management Inc. raised its position in Duke Energy by 4.3% during the third quarter. Jamison Private Wealth Management Inc. now owns 51,440 shares of the utilities provider’s stock valued at $6,366,000 after acquiring an additional 2,130 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Duke Energy by 22.1% in the third quarter. Exchange Traded Concepts LLC now owns 345,692 shares of the utilities provider’s stock worth $42,779,000 after acquiring an additional 62,628 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

DUK has been the subject of several analyst reports. The Goldman Sachs Group lifted their price objective on shares of Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Mizuho raised their target price on Duke Energy from $132.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Evercore ISI began coverage on Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective on the stock. Finally, Wells Fargo & Company raised Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $136.50.

Insider Activity at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the firm’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total value of $1,015,160.00. Following the completion of the transaction, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. This trade represents a 41.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $116.81 on Wednesday. The firm has a fifty day moving average price of $122.08 and a two-hundred day moving average price of $121.25. Duke Energy Corporation has a fifty-two week low of $105.20 and a fifty-two week high of $130.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40. The company has a market cap of $90.84 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.68 and a beta of 0.49.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter last year, the company earned $1.62 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th were given a dividend of $1.065 per share. The ex-dividend date was Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.6%. Duke Energy’s payout ratio is currently 66.98%.

Duke Energy Company Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.