23,583 Shares in Duke Energy Co. (NYSE:DUK) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in Duke Energy Co. (NYSE:DUK - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 23,583 shares of the utilities provider's stock, valued at approximately $2,719,000.

Other hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in Duke Energy by 9.4% in the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider's stock worth $10,520,000 after purchasing an additional 9,334 shares during the period. Goodman Advisory Group LLC acquired a new stake in Duke Energy in the 2nd quarter valued at approximately $2,888,000. PrairieView Partners LLC acquired a new stake in shares of Duke Energy in the second quarter valued at approximately $501,000. Marshall Financial Group LLC lifted its position in Duke Energy by 158.9% during the 3rd quarter. Marshall Financial Group LLC now owns 8,483 shares of the utilities provider's stock worth $978,000 after buying an additional 5,206 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Duke Energy by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,203,916 shares of the utilities provider's stock worth $116,431,000 after acquiring an additional 16,735 shares in the last quarter. Institutional investors own 65.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on DUK. The Goldman Sachs Group increased their price target on shares of Duke Energy from $102.00 to $113.00 and gave the company a "neutral" rating in a research note on Monday, August 12th. Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an "overweight" rating in a research note on Tuesday, October 1st. Bank of America boosted their price target on Duke Energy from $116.00 to $118.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $135.00 price objective on shares of Duke Energy in a research note on Thursday, August 29th. Finally, Morgan Stanley cut their price target on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.69.

Duke Energy Price Performance

DUK stock opened at $114.70 on Friday. The firm has a market cap of $88.60 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.03 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. The company's fifty day simple moving average is $115.14 and its 200 day simple moving average is $109.69. Duke Energy Co. has a 12-month low of $89.92 and a 12-month high of $121.25.

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 for the quarter, missing the consensus estimate of $1.73 by ($0.11). The company 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%. Duke Energy's revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 EPS. On average, analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. Duke Energy's payout ratio is 76.84%.

About Duke Energy

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.