Oak Harvest Investment Services Buys 22,798 Shares of Duke Energy Co. (NYSE:DUK)

Oak Harvest Investment Services raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 24.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,335 shares of the utilities provider’s stock after purchasing an additional 22,798 shares during the quarter. Duke Energy accounts for 1.9% of Oak Harvest Investment Services’ portfolio, making the stock its 9th largest holding. Oak Harvest Investment Services’ holdings in Duke Energy were worth $13,183,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DUK. PBMares Wealth Management LLC boosted its position in shares of Duke Energy by 1.8% during the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after acquiring an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its position in Duke Energy by 2.1% in the second quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after buying an additional 90 shares in the last quarter. Castleview Partners LLC boosted its position in Duke Energy by 4.9% in the third quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after buying an additional 90 shares in the last quarter. Chicago Capital LLC raised its stake in shares of Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after acquiring an additional 93 shares during the last quarter. Finally, Sachetta LLC raised its stake in shares of Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 96 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.3 %

Duke Energy stock opened at $114.02 on Thursday. Duke Energy Co. has a fifty-two week low of $86.61 and a fifty-two week high of $121.25. The stock has a market cap of $88.05 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 3.27 and a beta of 0.46. The firm’s 50-day simple moving average is $115.77 and its 200 day simple moving average is $107.96. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $7.17 billion for the quarter, compared to analyst estimates of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Research analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.67%. Duke Energy’s dividend payout ratio is currently 76.98%.

Analyst Ratings Changes

Several research firms have recently issued reports on DUK. Morgan Stanley raised their price target on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. 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. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. lifted their target price 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. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Insiders Place Their Bets

In other news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Duke Energy 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.