Hazlett Burt & Watson Inc. Buys 130 Shares of Duke Energy Co. (NYSE:DUK)

Hazlett Burt & Watson Inc. boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 6.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,026 shares of the utilities provider’s stock after purchasing an additional 130 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Duke Energy were worth $235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at about $30,000. Fortitude Family Office LLC increased its holdings in Duke Energy by 69.6% during the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after buying an additional 119 shares during the last quarter. Olistico Wealth LLC bought a new position in Duke Energy in the second quarter worth approximately $30,000. Sachetta LLC boosted its stake in shares of Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 96 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new stake in shares of Duke Energy during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

DUK has been the topic of several analyst reports. Morgan Stanley lifted 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. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets raised their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Evercore ISI upped their price target on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company raised their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Six investment 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 stock has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Trading Down 0.1 %

Shares of Duke Energy stock opened at $112.52 on Tuesday. The company has a quick ratio of 0.53, a current ratio of 0.81 and a debt-to-equity ratio of 1.56. The firm has a market cap of $86.89 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.08 and a beta of 0.47. Duke Energy Co. has a twelve month low of $86.61 and a twelve month high of $121.25. The business has a 50-day moving average price of $115.83 and a 200-day moving average price of $108.46.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. The business had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. Equities research analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 76.98%.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now directly owns 19,884 shares in the company, valued at approximately $2,259,617.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Duke Energy Company 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.