Commerce Bank Has $31.04 Million Stake in Duke Energy Co. (NYSE:DUK)

Commerce Bank increased its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 5.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 269,217 shares of the utilities provider's stock after acquiring an additional 15,069 shares during the quarter. Commerce Bank's holdings in Duke Energy were worth $31,041,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Pathway Financial Advisers LLC raised its stake in Duke Energy by 11,471.4% during 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 purchasing an additional 6,719,398 shares during the period. Envestnet Asset Management Inc. lifted its stake in Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider's stock worth $247,672,000 after acquiring an additional 40,243 shares in the last quarter. Swiss National Bank boosted its position in Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider's stock worth $264,111,000 after acquiring an additional 6,500 shares during the period. Mackenzie Financial Corp grew its stake in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider's stock valued at $205,769,000 after acquiring an additional 813,744 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Duke Energy by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider's stock worth $182,101,000 after purchasing an additional 240,136 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research reports. KeyCorp lowered shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group started coverage on Duke Energy in a research note on Thursday, September 19th. They issued a "buy" rating and a $138.00 target price on the stock. Morgan Stanley raised their price target on Duke Energy from $114.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Mizuho raised Duke Energy from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and an average price target of $121.85.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $113.78 on Thursday. Duke Energy Co. has a twelve month low of $88.73 and a twelve month high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The firm has a market cap of $87.89 billion, a P/E ratio of 20.92, a price-to-earnings-growth ratio of 2.99 and a beta of 0.47. The firm's 50-day simple moving average is $115.21 and its 200-day simple moving average is $109.56.

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

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy's dividend payout ratio (DPR) is currently 76.84%.

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.