Duke Energy Corporation $DUK Stock Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in Duke Energy Corporation (NYSE:DUK) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,251 shares of the utilities provider’s stock after purchasing an additional 7,754 shares during the period. Tectonic Advisors LLC’s holdings in Duke Energy were worth $11,772,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evergreen Advisors LLC bought a new position in Duke Energy in the 1st quarter valued at approximately $36,000. IAG Wealth Partners LLC boosted its position in Duke Energy by 154.6% in the first quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider’s stock valued at $36,000 after buying an additional 167 shares in the last quarter. Compass Wealth Management LLC bought a new stake in shares of Duke Energy during the third quarter worth $33,000. Dynamic Wealth Strategies LLC bought a new stake in shares of Duke Energy during the first quarter worth $38,000. Finally, Millstone Evans Group LLC increased its holdings in shares of Duke Energy by 53.1% during the first quarter. Millstone Evans Group LLC now owns 297 shares of the utilities provider’s stock worth $39,000 after buying an additional 103 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on DUK. BMO Capital Markets dropped their price target on Duke Energy from $134.00 to $132.00 and set an “outperform” rating for the company in a research note on Wednesday, August 5th. 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. JPMorgan Chase & Co. lowered their target price on Duke Energy from $137.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. Scotiabank dropped their target price on Duke Energy from $146.00 to $131.00 in a research report on Wednesday, September 30th. Finally, HSBC began coverage on Duke Energy in a research note on Thursday. They set a “hold” rating and a $123.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has an average rating of “Moderate Buy” and an average target price of $132.19.

Duke Energy Trading Down 0.2%

Shares of NYSE:DUK traded down $0.29 during mid-day trading on Friday, reaching $125.11. 3,158,394 shares of the company’s stock were exchanged, compared to its average volume of 4,056,673. The firm has a market capitalization of $97.54 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.93 and a beta of 0.36. The business’s fifty day moving average price is $118.87 and its 200-day moving average price is $123.46. 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 Corporation has a twelve month low of $112.40 and a twelve month high of $134.49.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.13. The business had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. Duke Energy’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. On average, research analysts predict that Duke Energy Corporation will post 6.72 EPS 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 dividend of $1.0850 per share. This represents a $4.34 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, November 13th. Duke Energy’s dividend payout ratio (DPR) is 65.17%.

Duke Energy Company 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.