Journey Advisory Group LLC Purchases 251 Shares of Duke Energy Co. (NYSE:DUK)

Journey Advisory Group LLC boosted its holdings in Duke Energy Co. (NYSE:DUK) by 2.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,510 shares of the utilities provider’s stock after buying an additional 251 shares during the period. Journey Advisory Group LLC’s holdings in Duke Energy were worth $1,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Northwest Investment Counselors LLC bought a new stake in Duke Energy during the 3rd quarter valued at approximately $30,000. Fortitude Family Office LLC grew its holdings in Duke Energy by 69.6% during the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares in the last quarter. Olistico Wealth LLC bought a new stake in shares of Duke Energy during the second quarter valued at approximately $30,000. Sachetta LLC boosted its position in shares of Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares during the last quarter. Finally, Reston Wealth Management LLC purchased a new position in Duke Energy during the third quarter valued at $38,000. 65.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on DUK. Morgan Stanley dropped their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group upped their price objective on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Barclays raised their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Company upped their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.69.

Duke Energy Stock Down 0.1 %

Shares of NYSE:DUK opened at $114.70 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The business has a 50 day simple moving average of $115.14 and a two-hundred day simple moving average of $109.74. Duke Energy Co. has a 1 year low of $89.92 and a 1 year high of $121.25. The firm has a market capitalization of $88.60 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.84%.

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.