SouthState Corp cut its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 27.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,477 shares of the utilities provider's stock after selling 18,036 shares during the quarter. SouthState Corp's holdings in Duke Energy were worth $5,474,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of DUK. Pathway Financial Advisers LLC grew its holdings 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 purchasing an additional 6,719,398 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Duke Energy by 13,829.1% during the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider's stock worth $129,782,000 after acquiring an additional 1,117,526 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider's stock valued at $205,769,000 after purchasing an additional 813,744 shares during the period. Wulff Hansen & CO. increased its holdings in Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider's stock worth $77,103,000 after purchasing an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON purchased a new stake in shares of Duke Energy in the 1st quarter worth $36,278,000. 65.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently commented on DUK. KeyCorp lowered shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Barclays raised their price target on Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a report on Tuesday, October 1st. Scotiabank lifted their price objective 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. 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. Finally, JPMorgan Chase & Co. lifted 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $121.85.
Check Out Our Latest Report on DUK
Duke Energy Price Performance
Shares of Duke Energy stock traded up $0.04 on Tuesday, hitting $113.58. The company's stock had a trading volume of 3,187,502 shares, compared to its average volume of 3,074,827. The company has a market capitalization of $87.74 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 2.96 and a beta of 0.47. The firm has a fifty day moving average price of $115.33 and a 200-day moving average price of $109.43. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a 1 year low of $88.27 and a 1 year high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results 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). The business had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.94 EPS. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.97 earnings per share 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. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy's dividend payout ratio is presently 76.84%.
About Duke Energy
(
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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