Marino Stram & Associates LLC Purchases 149 Shares of Duke Energy Co. (NYSE:DUK)

Marino Stram & Associates LLC increased its position in Duke Energy Co. (NYSE:DUK) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,405 shares of the utilities provider’s stock after acquiring an additional 149 shares during the period. Marino Stram & Associates LLC’s holdings in Duke Energy were worth $2,007,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DUK. Wealth Enhancement Advisory Services LLC increased its position in shares of Duke Energy by 3.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 435,157 shares of the utilities provider’s stock valued at $42,084,000 after purchasing an additional 13,406 shares during the last quarter. Duality Advisers LP raised its position in Duke Energy by 57.8% in the first quarter. Duality Advisers LP now owns 27,071 shares of the utilities provider’s stock worth $2,618,000 after acquiring an additional 9,917 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Duke Energy by 63.8% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 44,710 shares of the utilities provider’s stock valued at $4,324,000 after acquiring an additional 17,420 shares during the period. Janus Henderson Group PLC increased its stake in shares of Duke Energy by 9.4% in the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock worth $10,520,000 after purchasing an additional 9,334 shares in the last quarter. Finally, Goodman Advisory Group LLC bought a new position in Duke Energy in the 2nd quarter worth $2,888,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of a number of analyst reports. Scotiabank upped their price target on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. Morgan Stanley lifted their price target on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. The Goldman Sachs Group raised their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. raised their price target on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

Duke Energy Price Performance

Shares of DUK traded down $0.72 during mid-day trading on Monday, hitting $120.04. 693,408 shares of the stock were exchanged, compared to its average volume of 3,043,663. The firm has a 50-day moving average of $115.00 and a two-hundred day moving average of $106.82. Duke Energy Co. has a 52-week low of $85.79 and a 52-week high of $121.25. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The company has a market cap of $92.64 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the business earned $0.91 earnings per share. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is 105.03%.

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.