Duke Energy Co. (NYSE:DUK) Position Decreased by Bank of Hawaii

Bank of Hawaii cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 11.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,888 shares of the utilities provider’s stock after selling 1,194 shares during the period. Bank of Hawaii’s holdings in Duke Energy were worth $1,025,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in shares of Duke Energy by 9.4% in the 1st quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock worth $10,520,000 after acquiring an additional 9,334 shares during the last quarter. Goodman Advisory Group LLC acquired a new stake in Duke Energy during the 2nd quarter worth about $2,888,000. PrairieView Partners LLC purchased a new stake in Duke Energy during the second quarter valued at about $501,000. Commerce Bank boosted its holdings in shares of Duke Energy by 5.9% in the third quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock worth $31,041,000 after buying an additional 15,069 shares during the period. Finally, Marshall Financial Group LLC increased its position in shares of Duke Energy by 158.9% in the third quarter. Marshall Financial Group LLC now owns 8,483 shares of the utilities provider’s stock worth $978,000 after acquiring an additional 5,206 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE DUK opened at $114.70 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The stock has a market capitalization of $88.60 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 3.02 and a beta of 0.47. Duke Energy Co. has a 12-month low of $89.92 and a 12-month high of $121.25. The company has a 50 day moving average price of $115.14 and a two-hundred day moving average price of $109.80.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, equities analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.64%. Duke Energy’s payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DUK shares. Jefferies Financial Group started coverage on shares of Duke Energy in a research note on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. JPMorgan Chase & Co. raised their target price on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Bank of America increased their price objective on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Evercore ISI lifted their target price on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Barclays increased their price target 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.69.

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.