Fifth Third Bancorp boosted its holdings in shares of Duke Energy Corp (NYSE:DUK) by 2.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 484,963 shares of the utilities provider’s stock after purchasing an additional 9,579 shares during the quarter. Fifth Third Bancorp owned approximately 0.07% of Duke Energy worth $38,807,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Landaas & Co. WI ADV purchased a new position in Duke Energy during the second quarter worth approximately $110,000. TRUE Private Wealth Advisors purchased a new position in shares of Duke Energy in the third quarter valued at approximately $119,000. Psagot Investment House Ltd. lifted its position in shares of Duke Energy by 1,514.3% in the third quarter. Psagot Investment House Ltd. now owns 1,695 shares of the utilities provider’s stock valued at $136,000 after acquiring an additional 1,590 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Duke Energy in the second quarter valued at approximately $140,000. Finally, Shayne & CO. LLC purchased a new position in shares of Duke Energy in the third quarter valued at approximately $200,000. Institutional investors own 59.65% of the company’s stock.
NYSE:DUK opened at $89.99 on Friday. Duke Energy Corp has a one year low of $71.96 and a one year high of $90.70. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $64.04 billion, a P/E ratio of 19.69, a P/E/G ratio of 3.77 and a beta of -0.03.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, beating the consensus estimate of $1.53 by $0.12. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm had revenue of $6.63 billion during the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter last year, the firm earned $1.59 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that Duke Energy Corp will post 4.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be issued a $0.9275 dividend. The ex-dividend date is Thursday, November 15th. This represents a $3.71 annualized dividend and a dividend yield of 4.12%. Duke Energy’s dividend payout ratio is presently 81.18%.
DUK has been the topic of several research reports. Morgan Stanley decreased their target price on Duke Energy from $91.00 to $85.00 and set a “hold” rating on the stock in a research report on Friday, September 21st. Wells Fargo & Co raised their target price on Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a research report on Monday, September 17th. Guggenheim restated a “buy” rating and issued a $86.00 target price on shares of Duke Energy in a research report on Friday, August 17th. Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, Barclays raised their target price on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Duke Energy has an average rating of “Hold” and a consensus price target of $84.13.
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Duke Energy Profile
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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