Daiwa Securities Group Inc. raised its stake in Duke Energy Corp (NYSE:DUK) by 3.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 34,235 shares of the utilities provider’s stock after purchasing an additional 1,230 shares during the period. Daiwa Securities Group Inc.’s holdings in Duke Energy were worth $2,739,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. FMR LLC increased its position in shares of Duke Energy by 28.5% in the 2nd quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock worth $365,201,000 after purchasing an additional 1,023,646 shares during the last quarter. PointState Capital LP bought a new stake in shares of Duke Energy in the 2nd quarter worth about $49,727,000. Millennium Management LLC increased its position in shares of Duke Energy by 23.2% in the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock worth $137,648,000 after purchasing an additional 328,285 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Duke Energy by 1.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 19,740,982 shares of the utilities provider’s stock worth $1,561,116,000 after purchasing an additional 317,835 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Duke Energy by 18.8% in the 2nd quarter. California Public Employees Retirement System now owns 1,985,214 shares of the utilities provider’s stock worth $156,991,000 after purchasing an additional 314,104 shares during the last quarter. 58.85% of the stock is owned by institutional investors.
Shares of NYSE:DUK opened at $85.58 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a fifty-two week low of $71.96 and a fifty-two week high of $91.80. The stock has a market cap of $60.38 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 3.56 and a beta of -0.06.
Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.12. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The business had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter in the prior year, the firm earned $1.59 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Duke Energy Corp will post 4.74 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be given a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Thursday, November 15th. Duke Energy’s dividend payout ratio is presently 81.18%.
DUK has been the subject of several research analyst reports. Wells Fargo & Co dropped their target price on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating for the company in a research report on Monday, November 5th. Howard Weil initiated coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They issued a “sector outperform” rating and a $85.00 target price for the company. Scotiabank initiated coverage on shares of Duke Energy in a research report on Tuesday, July 24th. They issued a “buy” rating and a $85.00 target price for the company. Morgan Stanley boosted their target price on shares of Duke Energy from $79.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Monday, July 16th. Finally, Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research report on Monday, July 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $84.00.
In related news, COO Dhiaa M. Jamil sold 4,279 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $81.54, for a total transaction of $348,909.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.07% of the stock is owned by corporate insiders.
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About Duke Energy
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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