MQS Management LLC bought a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 7,297 shares of the utilities provider's stock, valued at approximately $841,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Haverford Trust Co grew its holdings in Duke Energy by 7.8% in the 3rd quarter. Haverford Trust Co now owns 12,542 shares of the utilities provider's stock valued at $1,446,000 after buying an additional 912 shares in the last quarter. Empower Advisory Group LLC lifted its stake in Duke Energy by 1.8% in the third quarter. Empower Advisory Group LLC now owns 1,124,889 shares of the utilities provider's stock valued at $129,700,000 after buying an additional 20,334 shares during the period. Aptus Capital Advisors LLC increased its holdings in shares of Duke Energy by 16.0% during the third quarter. Aptus Capital Advisors LLC now owns 106,531 shares of the utilities provider's stock valued at $12,283,000 after acquiring an additional 14,726 shares in the last quarter. Aigen Investment Management LP increased its holdings in shares of Duke Energy by 248.0% during the third quarter. Aigen Investment Management LP now owns 19,023 shares of the utilities provider's stock valued at $2,193,000 after acquiring an additional 13,557 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of Duke Energy by 12.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 33,163 shares of the utilities provider's stock valued at $3,824,000 after acquiring an additional 3,659 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Stock Performance
Shares of DUK traded down $0.57 during trading hours on Wednesday, hitting $111.31. The stock had a trading volume of 2,188,212 shares, compared to its average volume of 3,059,019. The firm has a market capitalization of $85.98 billion, a PE ratio of 20.44, a PEG ratio of 3.06 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. The stock has a fifty day moving average price of $115.73 and a 200 day moving average price of $109.07. Duke Energy Co. has a 12 month low of $88.27 and a 12 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). The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.94 EPS. Analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.
Duke Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued 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 3.76%. Duke Energy's dividend payout ratio is presently 76.84%.
Analyst Ratings Changes
DUK has been the subject of several recent research reports. KeyCorp downgraded Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Bank of America upped their price target on Duke Energy from $116.00 to $118.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Barclays boosted their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Scotiabank boosted their price objective on Duke Energy from $104.00 to $113.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley boosted their price objective on Duke Energy from $114.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.85.
Read Our Latest Analysis on DUK
Duke Energy 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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