Sawyer & Company Inc Purchases 7,307 Shares of Duke Energy Corporation $DUK

Sawyer & Company Inc acquired a new stake in shares of Duke Energy Corporation (NYSE:DUK – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,307 shares of the utilities provider’s stock, valued at approximately $833,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DUK. Quadrant Capital Group LLC grew its stake in Duke Energy by 42.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 22,427 shares of the utilities provider’s stock worth $2,651,000 after buying an additional 6,649 shares in the last quarter. Bell Bank lifted its holdings in shares of Duke Energy by 2.2% during the 3rd quarter. Bell Bank now owns 84,492 shares of the utilities provider’s stock worth $9,633,000 after acquiring an additional 1,844 shares during the last quarter. Thayer Financial L.L.C. lifted its holdings in shares of Duke Energy by 23.0% during the 3rd quarter. Thayer Financial L.L.C. now owns 5,634 shares of the utilities provider’s stock worth $641,000 after acquiring an additional 1,052 shares during the last quarter. Physician Wealth Advisors Inc. grew its position in Duke Energy by 5.9% in the third quarter. Physician Wealth Advisors Inc. now owns 2,113 shares of the utilities provider’s stock worth $241,000 after acquiring an additional 118 shares in the last quarter. Finally, Carnegie Investment Counsel grew its position in Duke Energy by 7.3% in the third quarter. Carnegie Investment Counsel now owns 13,332 shares of the utilities provider’s stock worth $1,520,000 after acquiring an additional 910 shares in the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

More Duke Energy News

Here are the key news stories impacting Duke Energy this week:

  • Positive Sentiment: Morgan Stanley raised its price target for Duke Energy from $127 to $128 while retaining an “equal weight” rating. The new target implies approximately 5.4% upside from the stock’s recent $121.44 level, providing modest valuation support.
  • Positive Sentiment: Duke Energy Florida launched a new solar site, expanding the company’s renewable-energy infrastructure and supporting its long-term clean-energy strategy. Duke Energy Florida launches new solar site
  • Positive Sentiment: Recent market momentum and investor attention may be helping sentiment: a Zacks report said DUK gained 1.73% in the latest prior session, while another noted increased user interest in the stock. Duke Energy laps the stock market
  • Neutral Sentiment: Operational and development updates included six awards for Duke lineworker teams and progress on rezoning a proposed company site in Lexington. These announcements reinforce execution and infrastructure investment but are unlikely to materially change near-term earnings. Duke Energy lineworkers earn six awards Proposed Duke Energy site rezoning
  • Negative Sentiment: KeyCorp cut its price target to $128, adding a cautious analyst signal even though the target remains above the recent share price. KeyCorp cuts target for Duke Energy

Duke Energy Trading Down 0.1%

Shares of DUK stock traded down $0.17 on Wednesday, hitting $121.16. 1,022,719 shares of the company’s stock traded hands, compared to its average volume of 3,985,183. The stock has a market capitalization of $94.47 billion, a price-to-earnings ratio of 18.21, a P/E/G ratio of 2.78 and a beta of 0.36. The company’s fifty day simple moving average is $118.87 and its 200 day simple moving average is $123.58. Duke Energy Corporation has a one year low of $112.40 and a one year high of $134.49. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66.

Duke Energy (NYSE:DUK – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate 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 firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts forecast that Duke Energy Corporation will post 6.72 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be issued a $1.0850 dividend. The ex-dividend date is Friday, November 13th. This represents a $4.34 annualized dividend and a dividend yield of 3.6%. Duke Energy’s dividend payout ratio (DPR) is currently 65.17%.

Analysts Set New Price Targets

DUK has been the topic of a number of research reports. Barclays lowered their price target on Duke Energy from $132.00 to $124.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. Wall Street Zen upgraded Duke Energy from a “sell” rating to a “hold” rating in a report on Saturday. KeyCorp reduced their price objective on Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Friday, July 31st. Finally, Jefferies Financial Group restated a “hold” rating and issued a $121.00 target price on shares of Duke Energy in a research report on Monday, October 12th. Nine analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.80.

Check Out Our Latest Report on DUK

Duke Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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