Leo Wealth LLC Purchases 1,198 Shares of Duke Energy Co. (NYSE:DUK)

Leo Wealth LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 7.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,190 shares of the utilities provider’s stock after purchasing an additional 1,198 shares during the quarter. Leo Wealth LLC’s holdings in Duke Energy were worth $2,097,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DUK. Northwest Investment Counselors LLC bought a new stake in Duke Energy during the first quarter worth approximately $25,000. Fortitude Family Office LLC increased its stake in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 119 shares during the last quarter. Riverview Trust Co bought a new stake in Duke Energy during the first quarter worth approximately $30,000. Olistico Wealth LLC bought a new stake in Duke Energy during the second quarter worth approximately $30,000. Finally, Cedar Wealth Management LLC increased its stake in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 169 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy Stock Performance

Shares of NYSE:DUK traded down $0.39 on Tuesday, hitting $119.50. 1,353,649 shares of the company were exchanged, compared to its average volume of 3,044,904. 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 stock’s 50 day moving average price is $115.13 and its 200 day moving average price is $106.98. Duke Energy Co. has a 1-year low of $85.79 and a 1-year high of $121.25. The firm has a market capitalization of $92.23 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46.

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, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Sell-side analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 105.03%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DUK shares. Morgan Stanley boosted their target price on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Jefferies Financial Group started coverage on Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 target price for the company. Barclays boosted 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. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Finally, Evercore ISI boosted their target price on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Insider Activity

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at $2,259,617.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

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.