Pathstone Holdings LLC lifted its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 9.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,008 shares of the utilities provider's stock after buying an additional 8,308 shares during the period. Pathstone Holdings LLC's holdings in Duke Energy were worth $10,724,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of DUK. Fortitude Family Office LLC boosted its stake in Duke Energy by 69.6% during 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 period. Olistico Wealth LLC acquired a new position in Duke Energy during the 2nd quarter valued at about $30,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy during the 3rd quarter valued at about $30,000. EntryPoint Capital LLC acquired a new stake in shares of Duke Energy in the 1st quarter worth approximately $36,000. Finally, Sachetta LLC lifted 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 worth $36,000 after acquiring an additional 96 shares during the period. Institutional investors own 65.31% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on DUK shares. Morgan Stanley upped their price target on shares of Duke Energy from $114.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. BMO Capital Markets upped their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 18th. Mizuho raised shares of Duke Energy from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Finally, KeyCorp lowered shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and a consensus target price of $121.85.
View Our Latest Analysis on DUK
Duke Energy Stock Up 0.2 %
DUK stock opened at $113.78 on Thursday. Duke Energy Co. has a 52-week low of $88.73 and a 52-week high of $121.25. The company's 50 day simple moving average is $115.21 and its 200-day simple moving average is $109.56. 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 firm has a market capitalization of $87.89 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.96 and a beta of 0.47.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The firm's revenue was up 2.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Duke Energy Co. will post 5.97 EPS for the current year.
Duke Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.67%. Duke Energy's dividend payout ratio is presently 76.84%.
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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