Heritage Wealth Advisors Has $38.33 Million Position in Duke Energy Corporation $DUK

Heritage Wealth Advisors lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 0.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 324,842 shares of the utilities provider’s stock after buying an additional 750 shares during the period. Duke Energy makes up about 1.8% of Heritage Wealth Advisors’ holdings, making the stock its 19th largest holding. Heritage Wealth Advisors’ holdings in Duke Energy were worth $38,331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DUK. Activest Wealth Management boosted its position in Duke Energy by 98.1% during the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Duke Energy in the 1st quarter valued at approximately $27,000. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the second quarter valued at $28,000. Mascoma Wealth Management LLC increased its holdings in Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after buying an additional 87 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC raised its position in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 198 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DUK. TD Cowen assumed coverage on shares of Duke Energy in a research note on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective on the stock. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research note on Tuesday, October 28th. Cowen started coverage on Duke Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Evercore ISI initiated coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. Finally, Scotiabank set a $137.00 price objective on shares of Duke Energy and gave the company a “sector outperform” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target of $138.63.

Duke Energy Trading Down 1.0%

Shares of Duke Energy stock opened at $123.88 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The firm has a 50-day moving average of $124.33 and a 200-day moving average of $120.95. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03. The stock has a market cap of $96.33 billion, a PE ratio of 20.14, a PEG ratio of 3.05 and a beta of 0.45.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter in the previous year, the company earned $1.62 EPS. The business’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be paid a dividend of $1.065 per share. This represents a $4.26 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

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.