Atlanta Consulting Group Advisors LLC Has $1.67 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Atlanta Consulting Group Advisors LLC increased its stake in Duke Energy Co. (NYSE:DUK) by 141.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,469 shares of the utilities provider’s stock after acquiring an additional 8,466 shares during the quarter. Atlanta Consulting Group Advisors LLC’s holdings in Duke Energy were worth $1,668,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DUK. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy in the 3rd quarter valued at $30,000. Fortitude Family Office LLC boosted its position in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 119 shares during the last quarter. Olistico Wealth LLC acquired a new stake in Duke Energy during the 2nd quarter worth about $30,000. Sachetta LLC raised its position in shares of Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares in the last quarter. Finally, Reston Wealth Management LLC bought a new stake in shares of Duke Energy during the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

DUK stock opened at $112.17 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The business has a 50-day simple moving average of $115.40 and a two-hundred day simple moving average of $109.27. The company has a market capitalization of $86.65 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. Duke Energy Co. has a 52-week low of $88.27 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The company had revenue of $8.16 billion for 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 firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. Research analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is currently 76.84%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank lifted their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Bank of America raised their price target on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. The Goldman Sachs Group upped their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. raised their target price on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $121.85.

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.