Motco Grows Stake in Duke Energy Co. (NYSE:DUK)


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Motco grew its position in shares of Duke Energy Co. (NYSE:DUK) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,759 shares of the utilities provider’s stock after purchasing an additional 1,357 shares during the period. Motco’s holdings in Duke Energy were worth $4,318,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC lifted its holdings in shares of Duke Energy by 8.2% during the 3rd quarter. Laurel Wealth Advisors LLC now owns 68,913 shares of the utilities provider’s stock worth $6,103,000 after acquiring an additional 5,215 shares during the last quarter. Charter Research & Investment Group Inc. bought a new stake in shares of Duke Energy during the 3rd quarter worth $206,000. Physicians Financial Services Inc. lifted its holdings in shares of Duke Energy by 3.2% during the 3rd quarter. Physicians Financial Services Inc. now owns 21,274 shares of the utilities provider’s stock worth $1,884,000 after acquiring an additional 657 shares during the last quarter. Kavar Capital Partners LLC bought a new stake in shares of Duke Energy during the 3rd quarter worth $569,000. Finally, Westwood Holdings Group Inc. lifted its holdings in shares of Duke Energy by 343.8% during the 3rd quarter. Westwood Holdings Group Inc. now owns 15,927 shares of the utilities provider’s stock worth $1,411,000 after acquiring an additional 12,338 shares during the last quarter. 56.83% of the stock is owned by institutional investors.

Shares of NYSE:DUK opened at $92.58 on Friday. Duke Energy Co. has a 12 month low of $62.13 and a 12 month high of $103.79. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 1.24. The company has a 50-day moving average price of $93.03 and a 200-day moving average price of $85.53. The company has a market cap of $68.14 billion, a price-to-earnings ratio of 33.91, a price-to-earnings-growth ratio of 5.20 and a beta of 0.24.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 5th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.08. Duke Energy had a net margin of 8.68% and a return on equity of 8.28%. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $7.34 billion. During the same quarter in the previous year, the company earned $1.79 earnings per share. Duke Energy’s quarterly revenue was down 3.2% on a year-over-year basis. As a group, research analysts forecast that Duke Energy Co. will post 5.07 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be given a dividend of $0.965 per share. This represents a $3.86 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Thursday, November 12th. Duke Energy’s dividend payout ratio is currently 76.28%.

DUK has been the subject of several recent research reports. Morgan Stanley boosted their price target on shares of Duke Energy from $98.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 17th. Credit Suisse Group boosted their price target on shares of Duke Energy from $91.00 to $92.00 and gave the stock a “neutral” rating in a research note on Monday, November 9th. Bank of America raised shares of Duke Energy from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $87.00 to $85.00 in a research note on Wednesday, September 9th. Scotiabank downgraded shares of Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a research note on Thursday, October 1st. Finally, Barclays boosted their price target on shares of Duke Energy from $87.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $95.64.

Duke Energy Company 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; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.

Further Reading: Return on Investment (ROI) Defined, Explained

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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