Quest Partners LLC bought a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,549 shares of the utilities provider's stock, valued at approximately $1,678,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. PBMares Wealth Management LLC lifted its stake in Duke Energy by 1.8% in the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider's stock worth $563,000 after acquiring an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. raised its stake in shares of Duke Energy by 2.1% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider's stock worth $444,000 after purchasing an additional 90 shares in the last quarter. Castleview Partners LLC raised its stake in shares of Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider's stock valued at $224,000 after acquiring an additional 90 shares in the last quarter. Kanawha Capital Management LLC lifted its holdings in Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider's stock worth $760,000 after purchasing an additional 92 shares during the last quarter. Finally, Chicago Capital LLC grew its holdings in Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider's stock valued at $1,172,000 after purchasing an additional 93 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on DUK. Wells Fargo & Company upped their price target on shares of Duke Energy from $110.00 to $122.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Barclays boosted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $135.00 price target on shares of Duke Energy in a report on Thursday, August 29th. JPMorgan Chase & Co. raised their target price on shares of Duke Energy from $111.00 to $120.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Finally, Morgan Stanley raised their target price on shares of Duke Energy from $114.00 to $120.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 25th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $121.85.
View Our Latest Stock Report on DUK
Duke Energy Stock Performance
Shares of Duke Energy stock traded up $0.04 during trading on Tuesday, reaching $113.58. The company's stock had a trading volume of 3,188,101 shares, compared to its average volume of 3,074,830. Duke Energy Co. has a 52 week low of $88.27 and a 52 week high of $121.25. The business's 50-day moving average price is $115.33 and its 200-day moving average price is $109.43. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm has a market cap of $87.74 billion, a PE ratio of 20.71, a P/E/G ratio of 2.96 and a beta of 0.47.
Duke Energy (NYSE:DUK - Get Free Report) last released 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 firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business's revenue for the quarter 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. Equities analysts forecast that Duke Energy Co. will post 5.97 earnings per share 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 given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.68%. The ex-dividend date is Friday, November 15th. Duke Energy's dividend payout ratio is 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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