Duke Energy Co. (NYSE:DUK) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP increased its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 248.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,023 shares of the utilities provider's stock after acquiring an additional 13,557 shares during the period. Aigen Investment Management LP's holdings in Duke Energy were worth $2,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its holdings in Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider's stock valued at $781,500,000 after buying an additional 6,719,398 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider's stock valued at $129,782,000 after purchasing an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp grew its position in Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider's stock valued at $205,769,000 after buying an additional 813,744 shares during the period. Wulff Hansen & CO. boosted its position in Duke Energy by 9,923.0% during the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider's stock worth $77,103,000 after purchasing an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON purchased a new stake in shares of Duke Energy in the first quarter worth about $36,278,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Performance

DUK traded down $0.57 on Tuesday, reaching $111.89. The company had a trading volume of 2,876,792 shares, compared to its average volume of 3,062,985. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.53 and a current ratio of 0.70. The stock has a market cap of $86.40 billion, a P/E ratio of 20.67, a P/E/G ratio of 3.09 and a beta of 0.47. Duke Energy Co. has a fifty-two week low of $86.61 and a fifty-two week high of $121.25. The company's fifty day moving average is $115.81 and its 200 day moving average is $108.97.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the prior year, the business earned $1.94 EPS. Duke Energy's quarterly revenue was up 2.1% on a year-over-year basis. As a group, analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.74%. Duke Energy's payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore ISI raised their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, August 7th. KeyCorp cut Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on Duke Energy from $111.00 to $120.00 and gave the stock a "neutral" rating in a research report on Monday, August 12th. Jefferies Financial Group began coverage on Duke Energy in a research note on Thursday, September 19th. They issued a "buy" rating and a $138.00 price objective for the company. Finally, Barclays raised their price objective on Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.85.

Duke Energy Profile

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.