T3 Companies LLC Buys New Stake in Duke Energy Corporation $DUK

T3 Companies LLC bought a new position in Duke Energy Corporation (NYSE:DUK) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,000 shares of the utilities provider’s stock, valued at approximately $456,000.

Other institutional investors also recently modified their holdings of the company. Old North State Wealth Management LLC increased its position in shares of Duke Energy by 3.0% during the third quarter. Old North State Wealth Management LLC now owns 31,424 shares of the utilities provider’s stock valued at $3,586,000 after acquiring an additional 905 shares during the last quarter. Royal Fund Management LLC lifted its holdings in Duke Energy by 3.8% during the third quarter. Royal Fund Management LLC now owns 41,314 shares of the utilities provider’s stock worth $4,710,000 after acquiring an additional 1,505 shares during the period. Curry Webb Wealth Management LLC bought a new stake in Duke Energy during the third quarter worth $267,000. Visionary Horizons LLC boosted its position in Duke Energy by 8.5% in the third quarter. Visionary Horizons LLC now owns 5,846 shares of the utilities provider’s stock worth $667,000 after purchasing an additional 459 shares during the last quarter. Finally, Strategic Planning Group LLC boosted its position in Duke Energy by 4.7% in the third quarter. Strategic Planning Group LLC now owns 50,592 shares of the utilities provider’s stock worth $5,768,000 after purchasing an additional 2,259 shares during the last quarter. 65.31% of the stock is owned by institutional investors.

Duke Energy News Roundup

Here are the key news stories impacting Duke Energy this week:

• Positive Sentiment: Morgan Stanley raised its price target for Duke Energy from $127 to $128 while maintaining an “equal weight” rating. The increase suggests limited but slightly improved upside based on the firm’s updated outlook. Morgan Stanley raises Duke Energy price target
• Positive Sentiment: A Davidson County, North Carolina, planning board recommended approval of a Duke Energy natural-gas project, while related rezoning plans in Lexington moved forward. Progress on the project could support Duke’s generation capacity and long-term reliability, although additional approvals may still be required. Davidson County planning board recommends approval
• Neutral Sentiment: Duke Energy lineworkers received six awards at the International Lineman’s Rodeo. The recognition highlights workforce expertise and grid-maintenance capabilities but is unlikely to materially affect near-term earnings. Duke Energy lineworkers earn six awards
• Neutral Sentiment: Duke Energy has attracted increased attention from Zacks readers. The coverage is informational and does not represent a new earnings, guidance, or valuation catalyst. Zacks Duke Energy investor attention
• Negative Sentiment: HSBC initiated coverage with a “hold” rating and a $123 price target, below the recently cited trading level. The cautious view signals limited near-term upside and could restrain enthusiasm for DUK. HSBC initiates coverage of Duke Energy
• Negative Sentiment: Cincinnati residents pushed back against Duke Energy’s proposed rate increase. Opposition could create regulatory uncertainty or delay recovery of higher operating and infrastructure costs if regulators require changes to the request. Cincinnati residents oppose Duke Energy rate increase

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DUK shares. HSBC started coverage on Duke Energy in a research note on Thursday. They issued a “hold” rating and a $123.00 price objective for the company. Scotiabank lowered their target price on Duke Energy from $146.00 to $131.00 in a research note on Wednesday, September 30th. BMO Capital Markets cut their price target on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Finally, Truist Financial reduced their price target on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Monday, October 12th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.19.

Duke Energy Trading Up 3.9%

NYSE:DUK opened at $125.40 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $97.78 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 2.81 and a beta of 0.36. The firm’s 50 day moving average is $118.84 and its 200 day moving average is $123.45. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.30 by $0.13. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The business had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. Duke Energy’s revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given a dividend of $1.0850 per share. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s dividend payout ratio is currently 65.17%.

Duke Energy Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.