Principal Financial Group Inc. raised its position in Duke Energy Co. (NYSE:DUK - Free Report) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 960,178 shares of the utilities provider's stock after purchasing an additional 37,453 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of Duke Energy worth $110,709,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Premier Path Wealth Partners LLC grew its position in Duke Energy by 12.7% in the second quarter. Premier Path Wealth Partners LLC now owns 3,502 shares of the utilities provider's stock worth $351,000 after acquiring an additional 395 shares in the last quarter. Quotient Wealth Partners LLC increased its position in Duke Energy by 13.9% during the second quarter. Quotient Wealth Partners LLC now owns 2,812 shares of the utilities provider's stock worth $282,000 after buying an additional 344 shares during the last quarter. Fullcircle Wealth LLC bought a new position in Duke Energy during the second quarter valued at about $330,000. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Duke Energy by 22.5% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 4,962 shares of the utilities provider's stock worth $497,000 after buying an additional 913 shares during the last quarter. Finally, Pettinga Financial Advisors LLC bought a new stake in shares of Duke Energy during the 2nd quarter worth about $232,000. 65.31% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Stock Performance
Shares of DUK stock traded up $1.20 during mid-day trading on Friday, reaching $108.28. The stock had a trading volume of 6,040,396 shares, compared to its average volume of 3,097,942. The firm has a market cap of $83.64 billion, a PE ratio of 19.90, a P/E/G ratio of 2.90 and a beta of 0.47. 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 one year low of $90.09 and a one year high of $121.25. The firm's 50 day simple moving average is $113.92 and its 200 day simple moving average is $111.03.
Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly 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 business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. On average, analysts forecast that Duke Energy Co. will post 5.95 EPS for the current year.
Duke Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, November 15th. Duke Energy's payout ratio is 76.84%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on DUK shares. BMO Capital Markets boosted their target price on Duke Energy from $120.00 to $126.00 and gave the stock an "outperform" rating in a report on Wednesday, September 18th. Scotiabank boosted their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Mizuho upgraded shares of Duke Energy from a "neutral" rating to an "outperform" rating and raised their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Bank of America boosted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. Finally, Barclays lifted their price objective on Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 1st. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.23.
Read Our Latest Stock 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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