FUKOKU MUTUAL LIFE INSURANCE Co Raises Holdings in Duke Energy Co. (NYSE:DUK)

FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in Duke Energy Co. (NYSE:DUK) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 248,266 shares of the utilities provider’s stock after purchasing an additional 1,910 shares during the period. Duke Energy makes up 2.0% of FUKOKU MUTUAL LIFE INSURANCE Co’s investment portfolio, making the stock its 14th largest position. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Duke Energy were worth $28,625,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC boosted its holdings in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after buying an additional 6,719,398 shares in the last quarter. International Assets Investment Management LLC raised its position in Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after purchasing an additional 1,117,526 shares during the period. Mackenzie Financial Corp increased its position in Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares during the period. Wulff Hansen & CO. grew its stake in shares of Duke Energy by 9,923.0% in the second 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 in the last quarter. Finally, BROOKFIELD Corp ON purchased a new position in Duke Energy in the 1st quarter worth about $36,278,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

Duke Energy stock opened at $110.68 on Friday. The business’s 50 day simple moving average is $115.61 and its 200 day simple moving average is $109.08. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12 month low of $88.27 and a 12 month high of $121.25. The company has a market cap of $85.50 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.93 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its 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 company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. Sell-side analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

DUK has been the subject of several research reports. Scotiabank raised their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Barclays increased their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Evercore ISI upped their price target on shares of Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

About Duke Energy

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.