Virtu Financial LLC acquired a new stake in Duke Energy Co. (NYSE:DUK – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,455 shares of the utilities provider’s stock, valued at approximately $2,012,000.
Several other hedge funds and other institutional investors have also modified their holdings of DUK. Legacy Investment Solutions LLC bought a new position in Duke Energy during the 3rd quarter worth $29,000. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the third quarter valued at about $30,000. Sachetta LLC raised its stake in Duke Energy by 41.9% in the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 96 shares in the last quarter. Reston Wealth Management LLC bought a new stake in Duke Energy in the 3rd quarter valued at about $38,000. Finally, Catalyst Capital Advisors LLC increased its holdings in shares of Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 167 shares during the period. Institutional investors own 65.31% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on DUK shares. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Morgan Stanley decreased their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Barclays upped their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets raised their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research report on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $122.23.
Duke Energy Stock Down 0.4 %
Shares of NYSE:DUK opened at $109.16 on Friday. 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 52-week low of $90.09 and a 52-week high of $121.25. The company has a market capitalization of $84.32 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.97 and a beta of 0.47. The company has a fifty day moving average of $114.62 and a 200-day moving average of $110.77.
Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The firm 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%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 earnings per share. On average, equities analysts predict that Duke Energy Co. will post 5.95 EPS for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.83%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.
Duke Energy Profile
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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