Duke Energy Corporation $DUK Stock: Tectonic Advisors LLC Grows Stake

Tectonic Advisors LLC raised its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 8.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,251 shares of the utilities provider’s stock after buying an additional 7,754 shares during the period. Tectonic Advisors LLC’s holdings in Duke Energy were worth $11,772,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DUK. Bank of New York Mellon Corp purchased a new position in shares of Duke Energy during the second quarter valued at approximately $605,680,000. Janus Henderson Group PLC boosted its stake in Duke Energy by 5,254.4% during the first quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock worth $358,227,000 after acquiring an additional 2,684,721 shares in the last quarter. Swiss National Bank increased its position in Duke Energy by 7.1% during the 1st quarter. Swiss National Bank now owns 2,282,341 shares of the utilities provider’s stock valued at $298,850,000 after buying an additional 151,400 shares in the last quarter. National Pension Service grew its position in Duke Energy by 1.8% during the 2nd quarter. National Pension Service now owns 2,124,004 shares of the utilities provider’s stock valued at $268,856,000 after purchasing an additional 36,835 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Duke Energy by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,092,284 shares of the utilities provider’s stock valued at $273,979,000 after buying an additional 58,967 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Down 0.2%

Duke Energy stock traded down $0.29 during midday trading on Friday, hitting $125.11. 3,158,394 shares of the company’s stock were exchanged, compared to its average volume of 4,056,673. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. The firm has a 50-day moving average of $118.87 and a two-hundred day moving average of $123.46. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49. The company has a market cap of $97.54 billion, a PE ratio of 18.78, a P/E/G ratio of 2.93 and a beta of 0.36.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The business had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be issued a $1.0850 dividend. This represents a $4.34 annualized dividend and a yield of 3.5%. The ex-dividend date is Friday, November 13th. Duke Energy’s dividend payout ratio is 65.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and set a $121.00 price objective on shares of Duke Energy in a report on Monday, October 12th. Barclays reduced their target price on shares of Duke Energy from $132.00 to $124.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Wall Street Zen raised Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday, October 17th. BTIG Research reiterated a “buy” rating on shares of Duke Energy in a research report on Thursday, July 23rd. Finally, Truist Financial reduced their price objective on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Monday, October 12th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.

Duke Energy Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.