Mirae Asset Global Investments Co. Ltd. Buys 207,109 Shares of Duke Energy Corporation $DUK

Mirae Asset Global Investments Co. Ltd. acquired a new position in Duke Energy Corporation (NYSE:DUK) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 207,109 shares of the utilities provider’s stock, valued at approximately $23,612,000.

A number of other hedge funds have also made changes to their positions in the business. Livelsberger Financial Advisory acquired a new position in shares of Duke Energy during the third quarter worth about $31,000. Compass Wealth Management LLC purchased a new position in shares of Duke Energy during the 3rd quarter valued at approximately $33,000. IAG Wealth Partners LLC grew its holdings in Duke Energy by 154.6% during the 1st quarter. IAG Wealth Partners LLC now owns 275 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 167 shares in the last quarter. Evergreen Advisors LLC acquired a new position in Duke Energy in the first quarter worth about $36,000. Finally, Dynamic Wealth Strategies LLC acquired a new position in shares of Duke Energy in the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

DUK stock opened at $128.46 on Tuesday. The firm has a 50 day simple moving average of $119.28 and a 200 day simple moving average of $124.32. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.43 and a current ratio of 0.66. Duke Energy Corporation has a 52 week low of $112.40 and a 52 week high of $134.49. The stock has a market cap of $100.16 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.88 and a beta of 0.36.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The business had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. During the same period in the prior year, the business posted $1.25 earnings per share. Duke Energy’s revenue for the quarter was up 1.1% compared to the same quarter last year. Research analysts anticipate that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be given a $1.0850 dividend. This represents a $4.34 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s payout ratio is currently 65.17%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DUK. Morgan Stanley boosted their price objective on shares of Duke Energy from $127.00 to $128.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 21st. BMO Capital Markets lowered their price target on Duke Energy from $134.00 to $132.00 and set an “outperform” rating on the stock in a report on Wednesday, August 5th. BTIG Research reissued a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. Scotiabank dropped their price target on shares of Duke Energy from $146.00 to $131.00 in a research report on Wednesday, September 30th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research report on Thursday. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.19.

Duke Energy Company Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.