Duke Energy Co. (NYSE:DUK) Shares Acquired by Hudson Value Partners LLC

Hudson Value Partners LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 107.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,250 shares of the utilities provider’s stock after acquiring an additional 2,725 shares during the period. Hudson Value Partners LLC’s holdings in Duke Energy were worth $605,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Fortitude Family Office LLC boosted its holdings in Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 119 shares during the last quarter. Olistico Wealth LLC purchased a new stake in Duke Energy in the second quarter valued at $30,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 3rd quarter valued at $30,000. Cedar Wealth Management LLC grew its holdings in shares of Duke Energy by 101.2% during the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 169 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Duke Energy during the 1st quarter worth about $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DUK shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Morgan Stanley boosted their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Barclays lifted their target price on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group started coverage on Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Stock Performance

NYSE DUK opened at $111.08 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $115.89 and its two-hundred day moving average is $108.61. The stock has a market capitalization of $85.78 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 3.07 and a beta of 0.47. Duke Energy Co. has a 12-month low of $86.61 and a 12-month high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. During the same period in the prior year, the company posted $0.91 EPS. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts expect that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is 76.98%.

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.