Dynamic Technology Lab Private Ltd lifted its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 1,258.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,341 shares of the utilities provider's stock after acquiring an additional 45,708 shares during the period. Duke Energy accounts for approximately 0.6% of Dynamic Technology Lab Private Ltd's investment portfolio, making the stock its 4th biggest holding. Dynamic Technology Lab Private Ltd's holdings in Duke Energy were worth $5,689,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC grew its stake in shares of Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 119 shares during the last quarter. Olistico Wealth LLC purchased a new position in shares of Duke Energy in the 2nd quarter valued at approximately $30,000. Northwest Investment Counselors LLC purchased a new position in shares of Duke Energy in the 3rd quarter valued at approximately $30,000. EntryPoint Capital LLC purchased a new position in shares of Duke Energy in the 1st quarter valued at approximately $36,000. Finally, Sachetta LLC grew its stake in shares of Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider's stock valued at $36,000 after purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.
Duke Energy Price Performance
Shares of NYSE DUK traded up $0.11 during trading on Monday, reaching $114.81. The company had a trading volume of 925,264 shares, compared to its average volume of 3,060,486. The stock has a market capitalization of $88.69 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.02 and a beta of 0.47. The stock has a 50-day moving average price of $115.14 and a two-hundred day moving average price of $109.80. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.
Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 earnings per share. As a group, sell-side analysts predict that Duke Energy Co. will post 5.97 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 paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.64%. Duke Energy's dividend payout ratio is presently 76.84%.
Wall Street Analysts Forecast Growth
DUK has been the topic of several analyst reports. Bank of America lifted their target price on Duke Energy from $116.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. The Goldman Sachs Group lifted their price target on Duke Energy from $102.00 to $113.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. BMO Capital Markets lifted their price target on Duke Energy from $120.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, September 18th. KeyCorp downgraded Duke Energy from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.69.
Check Out Our Latest Stock Report on DUK
Duke Energy Company Profile
(
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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