Quantinno Capital Management LP Boosts Stock Position in Duke Energy Co. (NYSE:DUK)

Quantinno Capital Management LP lifted its holdings in Duke Energy Co. (NYSE:DUK - Free Report) by 40.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,386 shares of the utilities provider's stock after buying an additional 13,180 shares during the quarter. Quantinno Capital Management LP's holdings in Duke Energy were worth $5,233,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Goodman Advisory Group LLC purchased a new stake in Duke Energy in the second quarter worth approximately $2,888,000. Hilltop Holdings Inc. lifted its holdings in shares of Duke Energy by 59.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 23,388 shares of the utilities provider's stock valued at $2,697,000 after buying an additional 8,699 shares during the period. Commerce Bank grew its holdings in shares of Duke Energy by 5.9% in the third quarter. Commerce Bank now owns 269,217 shares of the utilities provider's stock worth $31,041,000 after acquiring an additional 15,069 shares during the period. PrairieView Partners LLC purchased a new stake in Duke Energy during the second quarter valued at $501,000. Finally, Dynamic Technology Lab Private Ltd lifted its holdings in Duke Energy by 1,258.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 49,341 shares of the utilities provider's stock valued at $5,689,000 after acquiring an additional 45,708 shares during the period. 65.31% of the stock is owned by institutional investors.

Duke Energy Price Performance

Shares of NYSE:DUK traded down $1.91 during trading on Friday, hitting $112.10. 2,808,968 shares of the company's stock were exchanged, compared to its average volume of 3,039,885. The business's 50-day simple moving average is $114.93 and its 200 day simple moving average is $110.59. The company has a market cap of $86.60 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 2.99 and a beta of 0.47. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45.

Duke Energy (NYSE:DUK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $8.06 billion. During the same period last year, the business earned $1.94 earnings per share. The company's quarterly revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts predict that Duke Energy Co. will post 5.95 EPS for the current year.

Duke Energy Announces Dividend

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 issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, November 15th. Duke Energy's dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DUK shares. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research report on Monday, August 12th. Barclays upped their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a report on Tuesday, October 1st. Scotiabank lifted their price target on shares of Duke Energy from $104.00 to $113.00 and gave the stock a "sector perform" rating in a research note on Tuesday, August 20th. KeyCorp lowered Duke Energy from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, October 22nd. Finally, Mizuho upgraded Duke Energy from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $121.69.

Duke Energy Company Profile

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.