1,763 Shares in Duke Energy Co. (NYSE:DUK) Acquired by Chesapeake Wealth Management

Chesapeake Wealth Management bought a new position in shares of Duke Energy Co. (NYSE:DUK) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 1,763 shares of the utilities provider’s stock, valued at approximately $203,000.

A number of other large investors also recently modified their holdings of DUK. Janus Henderson Group PLC boosted its holdings in shares of Duke Energy by 9.4% in the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock valued at $10,520,000 after buying an additional 9,334 shares in the last quarter. Goodman Advisory Group LLC acquired a new position in shares of Duke Energy in the 2nd quarter valued at $2,888,000. PrairieView Partners LLC acquired a new position in shares of Duke Energy in the 2nd quarter valued at $501,000. Marshall Financial Group LLC boosted its holdings in shares of Duke Energy by 158.9% in the 3rd quarter. Marshall Financial Group LLC now owns 8,483 shares of the utilities provider’s stock valued at $978,000 after buying an additional 5,206 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Duke Energy by 1.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,203,916 shares of the utilities provider’s stock valued at $116,431,000 after buying an additional 16,735 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Up 1.2 %

Shares of Duke Energy stock opened at $113.57 on Tuesday. The company has a market cap of $87.73 billion, a P/E ratio of 20.88, a PEG ratio of 2.96 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a one year low of $88.27 and a one year high of $121.25. The firm has a fifty day moving average of $115.33 and a two-hundred day moving average of $109.43.

Duke Energy (NYSE:DUK) last announced its quarterly 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). The company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. On average, analysts forecast that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

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 issued a $1.045 dividend. The ex-dividend date 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 is presently 76.84%.

Analysts Set New Price Targets

DUK has been the subject of a number of recent research reports. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. JPMorgan Chase & Co. increased their price target on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Evercore ISI increased their price target on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Scotiabank increased their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

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.