Groupama Asset Managment purchased a new stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,200,000 shares of the utilities provider's stock, valued at approximately $2,537,000. Groupama Asset Managment owned 0.28% of Duke Energy as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new position in Duke Energy in the third quarter worth about $29,000. Northwest Investment Counselors LLC bought a new stake in Duke Energy in the third quarter worth $30,000. Sachetta LLC boosted its stake in Duke Energy by 41.9% during the second quarter. Sachetta LLC now owns 325 shares of the utilities provider's stock worth $36,000 after buying an additional 96 shares during the period. Reston Wealth Management LLC bought a new position in Duke Energy during the third quarter valued at $38,000. Finally, Catalyst Capital Advisors LLC increased its position in Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 65.31% of the company's stock.
Duke Energy Price Performance
DUK traded up $0.44 during trading on Monday, hitting $112.54. The company's stock had a trading volume of 1,240,169 shares, compared to its average volume of 3,047,491. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The firm has a market capitalization of $86.93 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 2.97 and a beta of 0.47. The business's fifty day simple moving average is $114.93 and its 200 day simple moving average is $110.64. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25.
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 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 company had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $8.06 billion. During the same period in the prior year, the firm earned $1.94 EPS. The firm's revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts forecast that Duke Energy Co. will post 5.95 EPS for the current fiscal year.
Duke Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given 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 dividend yield of 3.71%. Duke Energy's payout ratio is 76.84%.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on DUK shares. Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They set a "buy" rating and a $138.00 price objective on the stock. Scotiabank boosted their target price on shares of Duke Energy from $104.00 to $113.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. Bank of America boosted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. BMO Capital Markets boosted their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an "outperform" rating in a research note on Wednesday, September 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Duke Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $121.69.
Check Out Our Latest Stock Analysis 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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