Blake Schutter Theil Wealth Advisors LLC Acquires Shares of 9,601 Duke Energy Co. (NYSE:DUK)

Blake Schutter Theil Wealth Advisors LLC bought a new stake in shares of Duke Energy Co. (NYSE:DUK) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,601 shares of the utilities provider’s stock, valued at approximately $1,107,000.

Other institutional investors have also recently made changes to their positions in the company. Concurrent Investment Advisors LLC lifted its stake in shares of Duke Energy by 6.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 42,463 shares of the utilities provider’s stock valued at $4,896,000 after purchasing an additional 2,643 shares during the last quarter. Radnor Capital Management LLC lifted its position in Duke Energy by 24.6% in the third quarter. Radnor Capital Management LLC now owns 9,703 shares of the utilities provider’s stock worth $1,119,000 after buying an additional 1,915 shares during the last quarter. Catalina Capital Group LLC boosted its stake in Duke Energy by 13.3% during the third quarter. Catalina Capital Group LLC now owns 3,511 shares of the utilities provider’s stock worth $405,000 after buying an additional 413 shares during the period. Pittenger & Anderson Inc. increased its position in Duke Energy by 64.6% during the third quarter. Pittenger & Anderson Inc. now owns 5,350 shares of the utilities provider’s stock valued at $617,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Clarity Financial LLC lifted its holdings in shares of Duke Energy by 7.5% in the 3rd quarter. Clarity Financial LLC now owns 181,506 shares of the utilities provider’s stock worth $20,928,000 after acquiring an additional 12,688 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DUK. BMO Capital Markets increased their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Bank of America boosted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley raised their price target 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Stock Down 0.4 %

Duke Energy stock opened at $113.62 on Thursday. 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 firm has a market cap of $87.74 billion, a P/E ratio of 20.92, a P/E/G ratio of 3.08 and a beta of 0.47. The business has a fifty day moving average of $115.89 and a two-hundred day moving average of $108.61. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25.

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 analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion for 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 firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. On average, analysts forecast that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.68%. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

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.