Pinnacle Financial Partners Inc increased its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 79.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 115,367 shares of the utilities provider's stock after buying an additional 51,218 shares during the quarter. Pinnacle Financial Partners Inc's holdings in Duke Energy were worth $13,302,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of DUK. Pathway Financial Advisers LLC grew its stake in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider's stock worth $781,500,000 after acquiring an additional 6,719,398 shares during the period. International Assets Investment Management LLC grew its position in Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider's stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the period. Mackenzie Financial Corp raised its stake in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider's stock valued at $205,769,000 after buying an additional 813,744 shares during the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider's stock valued at $77,103,000 after buying an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON bought a new stake in shares of Duke Energy in the first quarter worth $36,278,000. Hedge funds and other institutional investors own 65.31% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on DUK shares. KeyCorp downgraded Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Barclays boosted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a research report on Tuesday, October 1st. Wells Fargo & Company increased their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. Morgan Stanley boosted their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. raised their target price on Duke Energy from $111.00 to $120.00 and gave the stock a "neutral" rating in a report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Duke Energy currently has a consensus rating of "Moderate Buy" and an average target price of $121.85.
Get Our Latest Analysis on Duke Energy
Duke Energy Price Performance
NYSE DUK traded down $0.61 during trading hours on Wednesday, reaching $111.27. The company's stock had a trading volume of 2,191,609 shares, compared to its average volume of 3,059,034. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 1 year low of $88.27 and a 1 year high of $121.25. The firm's 50-day moving average price is $115.73 and its 200-day moving average price is $109.07. The company has a market capitalization of $85.95 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 3.06 and a beta of 0.47.
Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy's revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.94 EPS. On average, equities research analysts predict that Duke Energy Co. will post 5.97 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. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy's dividend payout ratio is presently 76.84%.
Duke Energy Company Profile
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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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