Toronto Dominion Bank grew its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 14.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 460,151 shares of the utilities provider's stock after purchasing an additional 57,169 shares during the period. Toronto Dominion Bank owned approximately 0.06% of Duke Energy worth $53,055,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of DUK. Pathway Financial Advisers LLC boosted its stake in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider's stock worth $781,500,000 after buying an additional 6,719,398 shares during the period. Groupama Asset Managment purchased a new position in shares of Duke Energy during the 3rd quarter worth about $2,537,000. Zimmer Partners LP bought a new position in Duke Energy during the 3rd quarter valued at about $166,263,000. International Assets Investment Management LLC raised its position in Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider's stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider's stock worth $205,769,000 after purchasing an additional 813,744 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company's stock.
Duke Energy Stock Down 0.4 %
NYSE DUK traded down $0.43 during midday trading on Thursday, hitting $109.16. 3,026,570 shares of the company traded hands, compared to its average volume of 3,056,147. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25. The company's 50-day simple moving average is $114.62 and its 200-day simple moving average is $110.77. The company has a market cap of $84.32 billion, a PE ratio of 20.15, a price-to-earnings-growth ratio of 2.97 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.
Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $8.06 billion. During the same quarter last year, the firm earned $1.94 EPS. Duke Energy's revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Duke Energy Co. will post 5.95 earnings per share for the current year.
Duke Energy Announces Dividend
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 issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.83%. The ex-dividend date is Friday, November 15th. Duke Energy's dividend payout ratio is currently 76.84%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Duke Energy from $120.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, September 18th. Morgan Stanley decreased their target price on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Royal Bank of Canada reissued an "outperform" rating and set a $135.00 target price on shares of Duke Energy in a research note on Thursday, August 29th. Scotiabank raised their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday. Finally, Mizuho raised shares of Duke Energy from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.23.
Read Our Latest Research Report on Duke Energy
About Duke Energy
(
Free Report)
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.
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