Griffin Asset Management Inc. lifted its position in shares of Duke Energy Corp (NYSE:DUK) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,136 shares of the utilities provider’s stock after buying an additional 1,048 shares during the period. Griffin Asset Management Inc.’s holdings in Duke Energy were worth $4,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in DUK. Alps Advisors Inc. boosted its stake in shares of Duke Energy by 12.6% during the second quarter. Alps Advisors Inc. now owns 11,563 shares of the utilities provider’s stock valued at $914,000 after purchasing an additional 1,292 shares in the last quarter. United Bank boosted its stake in shares of Duke Energy by 5.7% during the second quarter. United Bank now owns 23,373 shares of the utilities provider’s stock valued at $1,848,000 after purchasing an additional 1,255 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Duke Energy by 26.4% during the second quarter. Janus Henderson Group PLC now owns 1,033,782 shares of the utilities provider’s stock valued at $81,754,000 after purchasing an additional 216,237 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Duke Energy by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,251,878 shares of the utilities provider’s stock valued at $99,000,000 after purchasing an additional 13,601 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Duke Energy by 28.5% during the second quarter. FMR LLC now owns 4,618,128 shares of the utilities provider’s stock valued at $365,201,000 after purchasing an additional 1,023,646 shares in the last quarter. Institutional investors and hedge funds own 59.40% of the company’s stock.
Shares of DUK traded down $1.27 during trading hours on Wednesday, hitting $84.81. The stock had a trading volume of 3,251,421 shares, compared to its average volume of 2,961,729. The firm has a market capitalization of $60.86 billion, a P/E ratio of 18.56, a PEG ratio of 3.41 and a beta of 0.04. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.46. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $91.35.
Duke Energy (NYSE:DUK) last posted its earnings results on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.12. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 earnings per share. Analysts expect that Duke Energy Corp will post 4.74 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Friday, February 15th will be issued a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a $3.71 dividend on an annualized basis and a yield of 4.37%. Duke Energy’s dividend payout ratio is currently 81.18%.
DUK has been the topic of a number of recent research reports. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $101.00 price target on the stock in a research note on Wednesday, December 12th. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 21st. Barclays lifted their price objective on Duke Energy from $86.00 to $88.00 and gave the stock a “hold” rating in a research note on Monday, November 19th. Morgan Stanley boosted their price target on Duke Energy from $86.00 to $91.00 and gave the company a “hold” rating in a research note on Tuesday, September 11th. Finally, Wells Fargo & Co boosted their price objective on Duke Energy from $86.00 to $89.00 and gave the company a “market perform” rating in a report on Monday, September 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $85.25.
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Duke Energy 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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