Pittenger & Anderson Inc. Has $617,000 Holdings in Duke Energy Co. (NYSE:DUK)

Pittenger & Anderson Inc. increased its position in Duke Energy Co. (NYSE:DUK) by 64.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,350 shares of the utilities provider’s stock after purchasing an additional 2,100 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Duke Energy were worth $617,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. PBMares Wealth Management LLC boosted its holdings in shares of Duke Energy by 1.8% during the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after acquiring an additional 86 shares during the period. Pinnacle West Asset Management Inc. boosted its stake in Duke Energy by 2.1% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock valued at $444,000 after purchasing an additional 90 shares during the period. Castleview Partners LLC increased its position in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after buying an additional 90 shares during the period. Kanawha Capital Management LLC boosted its position in shares of Duke Energy by 1.4% in the third quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after acquiring an additional 92 shares during the period. Finally, Chicago Capital LLC grew its stake in shares of Duke Energy by 0.9% in the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock valued at $1,172,000 after acquiring an additional 93 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DUK shares. Wells Fargo & Company boosted their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lifted their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of Duke Energy 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 completion of the sale, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $114.08 on Wednesday. The firm has a market cap of $88.09 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.08 and a beta of 0.47. Duke Energy Co. has a 52 week low of $86.61 and a 52 week high of $121.25. The firm’s fifty day moving average is $115.87 and its 200-day moving average is $108.57. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The business had revenue of $7.17 billion during the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The firm’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. Sell-side analysts predict that Duke Energy Co. will post 5.98 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.66%. Duke Energy’s dividend payout ratio is currently 76.98%.

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.