Duke Energy Co. (NYSE:DUK) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 25.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,215 shares of the utilities provider’s stock after buying an additional 6,724 shares during the quarter. Intech Investment Management LLC’s holdings in Duke Energy were worth $3,830,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Pathway Financial Advisers LLC raised its position 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 purchasing an additional 6,719,398 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after buying an additional 40,243 shares during the last quarter. Swiss National Bank lifted its stake in shares of Duke Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after buying an additional 6,500 shares during the period. Mackenzie Financial Corp increased its position in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Duke Energy by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock worth $182,101,000 after acquiring an additional 240,136 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of research reports. The Goldman Sachs Group increased their price objective on Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Bank of America raised their price target on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a report on Thursday, August 29th. BMO Capital Markets raised their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Finally, Scotiabank upped their price target on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Trading Down 0.1 %

Shares of Duke Energy stock opened at $114.70 on Friday. Duke Energy Co. has a fifty-two week low of $89.92 and a fifty-two week high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company has a market cap of $88.60 billion, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47. The firm has a 50-day simple moving average of $115.14 and a two-hundred day simple moving average of $109.74.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. 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 company posted $1.94 EPS. As a group, equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s payout ratio is presently 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.