15,949 Shares of Duke Energy Corporation $DUK Bought by Leo Wealth LLC

Key Points

• Leo Wealth LLC purchased 15,949 Duke Energy shares worth approximately $1.82 million during the third quarter. Institutional investors collectively own 65.31% of the company.
• Analysts maintain a generally positive outlook, with Duke Energy receiving a consensus “Moderate Buy” rating and an average price target of $132.19.
• Duke Energy reported quarterly EPS of $1.43, exceeding estimates, and declared a quarterly dividend of $1.085 per share, equivalent to an annualized yield of approximately 3.5%.

Leo Wealth LLC purchased a new position in shares of Duke Energy Corporation (NYSE:DUK - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,949 shares of the utilities provider's stock, valued at approximately $1,818,000.

Other institutional investors have also modified their holdings of the company. Compass Wealth Management LLC acquired a new stake in Duke Energy during the third quarter worth about $33,000. IAG Wealth Partners LLC raised its position in Duke Energy by 154.6% during the first quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 167 shares in the last quarter. Evergreen Advisors LLC purchased a new position in Duke Energy during the first quarter valued at approximately $36,000. Dynamic Wealth Strategies LLC acquired a new position in Duke Energy in the first quarter valued at approximately $38,000. Finally, Millstone Evans Group LLC lifted its holdings in Duke Energy by 53.1% in the first quarter. Millstone Evans Group LLC now owns 297 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 65.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DUK. Wall Street Zen upgraded Duke Energy from a "sell" rating to a "hold" rating in a research report on Saturday, October 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Duke Energy in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a "hold" rating and set a $121.00 target price on shares of Duke Energy in a report on Monday, October 12th. Morgan Stanley boosted their target price on shares of Duke Energy from $127.00 to $128.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 21st. Finally, Truist Financial lowered their price target on shares of Duke Energy from $135.00 to $130.00 and set a "buy" rating on the stock in a 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. According to MarketBeat, Duke Energy currently has a consensus rating of "Moderate Buy" and an average price target of $132.19.

Duke Energy Stock Down 0.3%

Shares of DUK opened at $124.56 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49. The stock's 50 day moving average is $118.94 and its two-hundred day moving average is $124.05. The firm has a market cap of $97.12 billion, a P/E ratio of 18.74, a PEG ratio of 2.92 and a beta of 0.36.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion during the quarter, compared to analysts' expectations of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The business's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 earnings per share. Analysts predict that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be paid a $1.0850 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a yield of 3.5%. Duke Energy's dividend payout ratio (DPR) is currently 65.17%.

About Duke Energy

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.

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