Woodard & Co. Asset Management Group Inc. ADV Buys 5,799 Shares of Duke Energy Corporation $DUK

Woodard & Co. Asset Management Group Inc. ADV boosted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 24.3% during the third quarter, Holdings Channel.com reports. The fund owned 29,712 shares of the utilities provider’s stock after acquiring an additional 5,799 shares during the period. Woodard & Co. Asset Management Group Inc. ADV’s holdings in Duke Energy were worth $3,677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Triad Wealth Partners LLC increased its position in shares of Duke Energy by 30.0% in the third quarter. Triad Wealth Partners LLC now owns 2,848 shares of the utilities provider’s stock worth $352,000 after purchasing an additional 658 shares during the period. CNB Bank grew its stake in Duke Energy by 7.0% during the third quarter. CNB Bank now owns 3,169 shares of the utilities provider’s stock worth $392,000 after buying an additional 208 shares in the last quarter. Wilkins Investment Counsel Inc. increased its holdings in Duke Energy by 6.2% in the 3rd quarter. Wilkins Investment Counsel Inc. now owns 5,169 shares of the utilities provider’s stock valued at $640,000 after buying an additional 300 shares during the period. Bailard Inc. raised its position in shares of Duke Energy by 0.4% in the 3rd quarter. Bailard Inc. now owns 32,321 shares of the utilities provider’s stock valued at $4,000,000 after buying an additional 120 shares in the last quarter. Finally, Rogco LP lifted its holdings in shares of Duke Energy by 6.0% during the 3rd quarter. Rogco LP now owns 4,224 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 238 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Stock Down 0.1%

Shares of DUK opened at $119.41 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. Duke Energy Corporation has a 52 week low of $108.63 and a 52 week high of $130.03. The stock has a market capitalization of $92.86 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 2.60 and a beta of 0.50. The stock has a fifty day moving average of $118.69 and a 200-day moving average of $121.41.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.51 billion. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.62 EPS. As a group, sell-side analysts anticipate that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 13th will be issued a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Insider Buying and Selling

In other Duke Energy news, EVP Robert Alexander Glenn sold 8,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the sale, the executive vice president directly owned 11,367 shares of the company’s stock, valued at $1,407,234.60. The trade was a 41.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DUK has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on shares of Duke Energy from $137.00 to $146.00 and gave the company a “sector outperform” rating in a research note on Tuesday, December 16th. Morgan Stanley reaffirmed an “underperform” rating and issued a $130.00 target price on shares of Duke Energy in a report on Wednesday. BMO Capital Markets lowered their price target on Duke Energy from $136.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. BTIG Research raised Duke Energy to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $135.13.

Duke Energy Profile

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.