SevenBridge Financial Group LLC Raises Stock Position in Duke Energy Co. (NYSE:DUK)

SevenBridge Financial Group LLC boosted its position in shares of Duke Energy Co. (NYSE:DUK) by 10.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,078 shares of the utilities provider’s stock after acquiring an additional 1,391 shares during the period. SevenBridge Financial Group LLC’s holdings in Duke Energy were worth $1,696,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Journey Advisory Group LLC boosted its position in shares of Duke Energy by 2.4% in the 3rd quarter. Journey Advisory Group LLC now owns 10,510 shares of the utilities provider’s stock worth $1,212,000 after purchasing an additional 251 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Duke Energy by 32.7% during the third quarter. Larson Financial Group LLC now owns 3,110 shares of the utilities provider’s stock worth $359,000 after acquiring an additional 766 shares during the last quarter. KKM Financial LLC increased its holdings in shares of Duke Energy by 6.9% during the third quarter. KKM Financial LLC now owns 21,583 shares of the utilities provider’s stock valued at $2,489,000 after acquiring an additional 1,399 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of Duke Energy by 12.4% in the 3rd quarter. Kingsview Wealth Management LLC now owns 37,969 shares of the utilities provider’s stock valued at $4,378,000 after purchasing an additional 4,176 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Duke Energy by 7.9% in the 3rd quarter. Cerity Partners LLC now owns 278,021 shares of the utilities provider’s stock worth $32,056,000 after purchasing an additional 20,394 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a report on Thursday, August 29th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Scotiabank raised their target price on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. The Goldman Sachs Group boosted their price target on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Finally, Bank of America lifted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Trading Down 0.1 %

Shares of DUK stock opened at $114.70 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a twelve month low of $89.92 and a twelve month high of $121.25. The company’s 50-day moving average price is $115.14 and its 200-day moving average price is $109.74. The stock has a market cap of $88.60 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.03 and a beta of 0.47.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $1.94 earnings per share. As a group, equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

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

About Duke Energy

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.