Metis Global Partners LLC lifted its position in Duke Energy Co. (NYSE:DUK - Free Report) by 15.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,214 shares of the utilities provider's stock after acquiring an additional 7,325 shares during the period. Metis Global Partners LLC's holdings in Duke Energy were worth $6,366,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in shares of Duke Energy by 11.7% in the 1st quarter. Empowered Funds LLC now owns 13,524 shares of the utilities provider's stock valued at $1,308,000 after buying an additional 1,420 shares during the last quarter. HBK Sorce Advisory LLC lifted its stake in Duke Energy by 3.1% during the first quarter. HBK Sorce Advisory LLC now owns 11,141 shares of the utilities provider's stock worth $1,077,000 after purchasing an additional 339 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in Duke Energy by 3.1% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 4,702 shares of the utilities provider's stock valued at $455,000 after acquiring an additional 141 shares during the last quarter. Gratus Wealth Advisors LLC boosted its position in Duke Energy by 6.7% in the first quarter. Gratus Wealth Advisors LLC now owns 9,721 shares of the utilities provider's stock valued at $933,000 after buying an additional 607 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in Duke Energy during the 1st quarter worth $45,000. Institutional investors and hedge funds own 65.31% of the company's stock.
Duke Energy Stock Performance
NYSE:DUK traded down $0.63 during mid-day trading on Thursday, reaching $110.68. The stock had a trading volume of 3,684,193 shares, compared to its average volume of 3,061,756. The business has a 50 day simple moving average of $115.61 and a 200 day simple moving average of $109.08. Duke Energy Co. has a twelve month low of $88.27 and a twelve month high of $121.25. The firm has a market capitalization of $85.50 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 3.06 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70.
Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data 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 quarter in the prior year, the business posted $1.94 EPS. The company's revenue for the quarter was up 2.1% compared to the same quarter last year. On average, analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Friday, November 15th. Duke Energy's payout ratio is 76.84%.
Analyst Upgrades and Downgrades
DUK has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price objective 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. The Goldman Sachs Group raised their price target 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. Evercore ISI raised their price objective 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. Mizuho raised shares of 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 report on Tuesday, October 15th. Finally, Wells Fargo & Company upped their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an "overweight" rating in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $121.85.
View Our Latest Stock Analysis on Duke Energy
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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