Duke Energy Co. (NYSE:DUK) Position Boosted by NorthCoast Asset Management LLC

NorthCoast Asset Management LLC grew its holdings in shares of Duke Energy Co. (NYSE:DUK) by 5.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,092 shares of the utilities provider’s stock after purchasing an additional 526 shares during the period. NorthCoast Asset Management LLC’s holdings in Duke Energy were worth $1,097,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sterling Investment Advisors Ltd. bought a new position in shares of Duke Energy during the 2nd quarter valued at about $29,000. Atlas Private Wealth Advisors boosted its holdings in shares of Duke Energy by 47.2% in the second quarter. Atlas Private Wealth Advisors now owns 315 shares of the utilities provider’s stock worth $31,000 after buying an additional 101 shares during the period. Regency Capital Management Inc. DE acquired a new position in shares of Duke Energy in the first quarter worth about $39,000. Robbins Farley LLC acquired a new position in shares of Duke Energy in the first quarter worth about $47,000. Finally, Alpha Paradigm Partners LLC acquired a new position in shares of Duke Energy in the first quarter worth about $53,000. Institutional investors own 62.63% of the company’s stock.

In other Duke Energy news, EVP Julia S. Janson sold 15,465 shares of the stock in a transaction that occurred on Friday, July 16th. The stock was sold at an average price of $105.00, for a total transaction of $1,623,825.00. Following the transaction, the executive vice president now owns 35,032 shares in the company, valued at $3,678,360. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Shares of DUK opened at $98.92 on Wednesday. The firm has a market cap of $76.10 billion, a PE ratio of 25.83, a PEG ratio of 3.75 and a beta of 0.26. The firm’s 50 day moving average price is $104.83 and its 200 day moving average price is $101.06. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.37 and a current ratio of 0.55. Duke Energy Co. has a twelve month low of $80.41 and a twelve month high of $108.38.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, August 5th. The utilities provider reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.03. Duke Energy had a net margin of 12.28% and a return on equity of 8.73%. The firm had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.75 billion. On average, sell-side analysts anticipate that Duke Energy Co. will post 5.21 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 16th. Shareholders of record on Friday, August 13th were issued a dividend of $0.985 per share. This represents a $3.94 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was Thursday, August 12th. This is an increase from Duke Energy’s previous quarterly dividend of $0.97. Duke Energy’s dividend payout ratio (DPR) is 76.95%.

Several research analysts have commented on the stock. Morgan Stanley decreased their target price on shares of Duke Energy from $112.00 to $110.00 and set an “equal weight” rating for the company in a report on Friday, September 17th. Argus upgraded shares of Duke Energy from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a report on Friday, June 25th. Vertical Research cut shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Friday, August 6th. KeyCorp increased their price target on shares of Duke Energy from $105.00 to $106.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 20th. Finally, Mizuho increased their price target on shares of Duke Energy from $105.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 18th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $104.46.

About Duke Energy

Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure; and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in Duke Energy’s regulated electric utilities in the Carolinas, Florida and the Midwest.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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