Golden State Equity Partners Has $530,000 Holdings in Duke Energy Co. (NYSE:DUK)

by · The Cerbat Gem

Golden State Equity Partners lifted its position in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 24.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,599 shares of the utilities provider’s stock after buying an additional 915 shares during the quarter. Golden State Equity Partners’ holdings in Duke Energy were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. PBMares Wealth Management LLC boosted its stake in 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 in the last quarter. Pinnacle West Asset Management Inc. raised its holdings in shares of 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 worth $444,000 after acquiring an additional 90 shares during the last quarter. Castleview Partners LLC raised its holdings in shares of Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 90 shares during the last quarter. Chicago Capital LLC raised its holdings in shares of Duke Energy by 0.9% in the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider’s stock worth $1,172,000 after acquiring an additional 93 shares during the last quarter. Finally, Sachetta LLC raised its holdings in shares of Duke Energy by 41.9% in 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. 65.31% of the stock is owned by institutional investors.

Insider Transactions at Duke Energy

In other 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 transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

Duke Energy Stock Down 0.3 %

Shares of NYSE:DUK opened at $114.02 on Thursday. The firm has a fifty day moving average price of $115.77 and a two-hundred day moving average price of $107.96. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy Co. has a one year low of $86.61 and a one year high of $121.25. The company has a market cap of $88.05 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.27 and a beta of 0.46.

Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period last year, the firm earned $0.91 EPS. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

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 issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 76.98%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DUK. Barclays upped their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Wells Fargo & Company increased their price objective on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. The Goldman Sachs Group increased their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. BMO Capital Markets increased 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. Finally, KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.85.

Get Our Latest Analysis on Duke Energy

Duke Energy Profile

(Free Report)

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.

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