Mackenzie Financial Corp increased its position in Duke Energy Corp (NYSE:DUK) by 7.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 296,379 shares of the utilities provider’s stock after acquiring an additional 19,277 shares during the period. Mackenzie Financial Corp’s holdings in Duke Energy were worth $23,716,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DUK. Putnam Investments LLC boosted its holdings in Duke Energy by 0.9% in the 3rd quarter. Putnam Investments LLC now owns 259,153 shares of the utilities provider’s stock worth $20,737,000 after buying an additional 2,344 shares during the period. Cornerstone Capital Inc. raised its position in shares of Duke Energy by 6.2% during the 2nd quarter. Cornerstone Capital Inc. now owns 58,289 shares of the utilities provider’s stock valued at $4,609,000 after buying an additional 3,395 shares in the last quarter. Millennium Management LLC raised its position in shares of Duke Energy by 23.2% during the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock valued at $137,648,000 after buying an additional 328,285 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Duke Energy by 69.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock valued at $16,994,000 after buying an additional 87,950 shares in the last quarter. Finally, ProVise Management Group LLC raised its position in shares of Duke Energy by 1,333.8% during the 2nd quarter. ProVise Management Group LLC now owns 37,050 shares of the utilities provider’s stock valued at $2,930,000 after buying an additional 34,466 shares in the last quarter. Institutional investors own 59.40% of the company’s stock.
A number of analysts recently weighed in on the stock. Bank of America lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $88.00 to $87.00 in a research report on Wednesday. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded shares of Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays increased their price objective on shares of Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research note on Monday, November 19th. Finally, Wells Fargo & Co dropped their price objective on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $85.25.DUK traded down $0.66 on Friday, reaching $84.61. 3,082,400 shares of the company’s stock were exchanged, compared to its average volume of 3,076,325. The firm has a market capitalization of $60.46 billion, a PE ratio of 18.51, a PEG ratio of 3.40 and a beta of 0.04. Duke Energy Corp has a twelve month low of $71.96 and a twelve month high of $91.35. The company has a current ratio of 0.68, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17.
Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Friday, November 2nd. The utilities provider reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.12. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The firm had revenue of $6.63 billion for the quarter, compared to analyst estimates of $6.59 billion. During the same period in the previous year, the business posted $1.59 earnings per share. Duke Energy’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, analysts predict that Duke Energy Corp will post 4.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 15th will be paid a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend is Thursday, February 14th. Duke Energy’s dividend payout ratio (DPR) is 81.18%.
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Duke Energy Company Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.
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