RFG Advisory LLC Has $597,000 Position in Duke Energy Corp (NYSE:DUK)

RFG Advisory LLC raised its holdings in Duke Energy Corp (NYSE:DUK) by 25.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,745 shares of the utilities provider’s stock after acquiring an additional 1,357 shares during the quarter. RFG Advisory LLC’s holdings in Duke Energy were worth $597,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Hotaling Investment Management LLC increased its stake in Duke Energy by 3.5% in the 2nd quarter. Hotaling Investment Management LLC now owns 3,573 shares of the utilities provider’s stock valued at $285,000 after buying an additional 120 shares during the last quarter. Pegasus Asset Management Inc. increased its stake in Duke Energy by 0.6% in the 2nd quarter. Pegasus Asset Management Inc. now owns 20,397 shares of the utilities provider’s stock valued at $1,630,000 after buying an additional 120 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its stake in Duke Energy by 0.6% in the 2nd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 21,905 shares of the utilities provider’s stock valued at $1,750,000 after buying an additional 127 shares during the last quarter. Larson Financial Group LLC increased its stake in Duke Energy by 14.0% in the 2nd quarter. Larson Financial Group LLC now owns 1,076 shares of the utilities provider’s stock valued at $86,000 after buying an additional 132 shares during the last quarter. Finally, Hummer Financial Advisory Services Inc increased its stake in Duke Energy by 2.5% in the 2nd quarter. Hummer Financial Advisory Services Inc now owns 5,395 shares of the utilities provider’s stock valued at $431,000 after buying an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 63.79% of the company’s stock.

Shares of DUK opened at $92.67 on Thursday. Duke Energy Corp has a 52 week low of $62.13 and a 52 week high of $103.79. The firm has a market cap of $68.15 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 5.82 and a beta of 0.23. The firm’s 50-day simple moving average is $84.62 and its 200 day simple moving average is $83.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.36 and a current ratio of 0.55.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Monday, August 10th. The utilities provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.05. Duke Energy had a net margin of 8.76% and a return on equity of 8.10%. The business had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the prior year, the business earned $1.12 EPS. Duke Energy’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, equities analysts forecast that Duke Energy Corp will post 5.08 earnings per share for the current year.

Several equities research analysts have issued reports on the stock. Scotiabank lowered shares of Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price target on the stock. in a research note on Thursday, October 1st. Bank of America upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $87.00 to $85.00 in a research note on Wednesday, September 9th. BofA Securities upgraded shares of Duke Energy from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $87.00 to $85.00 in a research note on Wednesday, September 9th. Finally, Morgan Stanley lowered their price objective on shares of Duke Energy from $96.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Monday, October 5th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Duke Energy has a consensus rating of “Hold” and an average price target of $93.75.

Duke Energy Profile

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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