United Advisor Group LLC Purchases Shares of 2,550 Duke Energy Co. (NYSE:DUK)

by · The Markets Daily

United Advisor Group LLC acquired a new position in Duke Energy Co. (NYSE:DUK – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,550 shares of the utilities provider’s stock, valued at approximately $294,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DUK. PBMares Wealth Management LLC raised its position in Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after acquiring an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its position in shares of Duke Energy by 2.1% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after acquiring an additional 90 shares during the period. Castleview Partners LLC grew its stake in Duke Energy by 4.9% during the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after buying an additional 90 shares in the last quarter. Kanawha Capital Management LLC boosted its position in shares of Duke Energy by 1.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock worth $760,000 after acquiring an additional 92 shares in the last quarter. Finally, Chicago Capital LLC boosted its stake in shares of Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after purchasing an additional 93 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Trading Down 0.4 %

Shares of DUK opened at $113.62 on Thursday. The firm has a market cap of $87.74 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The business has a 50-day moving average of $115.89 and a 200 day moving average of $108.61. Duke Energy Co. has a fifty-two week low of $86.61 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. As a group, research analysts forecast that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on DUK shares. Morgan Stanley lifted their price target on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Barclays boosted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. boosted their target price on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Finally, Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

View Our Latest Analysis on Duke Energy

Duke Energy Profile

(Free Report)

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.

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