WINTON GROUP Ltd Invests $3.10 Million in Duke Energy Corporation $DUK

WINTON GROUP Ltd acquired a new stake in Duke Energy Corporation (NYSE:DUK) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 26,300 shares of the utilities provider’s stock, valued at approximately $3,103,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Laurel Wealth Advisors LLC raised its position in shares of Duke Energy by 11,417.7% during the second quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock worth $2,084,917,000 after purchasing an additional 17,515,383 shares during the period. GQG Partners LLC increased its stake in Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after purchasing an additional 10,192,503 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after buying an additional 2,276,948 shares during the period. Vanguard Group Inc. lifted its stake in Duke Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock valued at $8,934,580,000 after buying an additional 1,154,783 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of Duke Energy by 359.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after buying an additional 885,900 shares during the period. 65.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DUK has been the topic of several research reports. Wells Fargo & Company raised shares of Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Evercore ISI assumed coverage on Duke Energy in a report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target on the stock. Barclays increased their price objective on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. JPMorgan Chase & Co. boosted their target price on Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. Finally, Cowen began coverage on Duke Energy in a research report on Wednesday, October 15th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $137.69.

Duke Energy Stock Performance

Shares of NYSE DUK opened at $115.12 on Tuesday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. The stock has a 50 day moving average price of $124.01 and a 200 day moving average price of $121.27. The stock has a market capitalization of $89.52 billion, a PE ratio of 18.10, a price-to-earnings-growth ratio of 2.68 and a beta of 0.49. Duke Energy Corporation has a 52 week low of $105.20 and a 52 week high of $130.03.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The company had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. During the same quarter in the prior year, the business posted $1.62 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts predict that Duke Energy Corporation will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Insider Activity

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the sale, the executive vice president directly owned 11,367 shares of the company’s stock, valued at approximately $1,407,234.60. This represents a 41.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

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.