Summit X LLC lifted its holdings in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 7.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,450 shares of the utilities provider’s stock after acquiring an additional 623 shares during the quarter. Summit X LLC’s holdings in Duke Energy were worth $848,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC boosted its position in Duke Energy by 100,433.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,846,616 shares of the utilities provider’s stock valued at $808,123,000 after acquiring an additional 7,838,811 shares in the last quarter. Providence Capital Advisors LLC boosted its position in shares of Duke Energy by 9,639.5% during the first quarter. Providence Capital Advisors LLC now owns 3,538,183 shares of the utilities provider’s stock valued at $36,676,000 after purchasing an additional 3,501,855 shares in the last quarter. Federated Hermes Inc. grew its stake in Duke Energy by 27.7% in the first quarter. Federated Hermes Inc. now owns 6,271,751 shares of the utilities provider’s stock worth $605,036,000 after purchasing an additional 1,361,658 shares during the period. Bank of Montreal Can bought a new position in Duke Energy in the second quarter worth $125,668,000. Finally, Morgan Stanley lifted its position in Duke Energy by 11.5% during the fourth quarter. Morgan Stanley now owns 10,018,171 shares of the utilities provider’s stock valued at $1,031,772,000 after buying an additional 1,037,012 shares during the period. Hedge funds and other institutional investors own 63.68% of the company’s stock.
Analyst Ratings Changes
DUK has been the subject of several research reports. Morgan Stanley decreased their price target on shares of Duke Energy from $98.00 to $93.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 25th. Guggenheim decreased their target price on shares of Duke Energy from $102.00 to $93.00 in a research note on Monday, October 9th. StockNews.com upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Mizuho cut their price target on Duke Energy from $92.00 to $91.00 and set a “neutral” rating on the stock in a research note on Friday, August 25th. Finally, Barclays boosted their target price on Duke Energy from $96.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, September 14th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $98.36.
Duke Energy Stock Up 3.3 %
Duke Energy stock opened at $89.85 on Wednesday. The firm has a market cap of $69.25 billion, a price-to-earnings ratio of 57.23, a PEG ratio of 2.56 and a beta of 0.45. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 1.43. Duke Energy Co. has a 12 month low of $83.06 and a 12 month high of $106.43. The stock has a fifty day simple moving average of $89.57 and a two-hundred day simple moving average of $91.11.
Duke Energy (NYSE:DUK – Get Free Report) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The business had revenue of $7.99 billion during the quarter, compared to analyst estimates of $8.13 billion. During the same quarter in the previous year, the firm earned $1.78 EPS. Duke Energy’s revenue was up 1.9% on a year-over-year basis. Equities analysts predict that Duke Energy Co. will post 5.59 EPS for the current fiscal year.
Duke Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be given a $1.025 dividend. This represents a $4.10 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Thursday, November 16th. Duke Energy’s dividend payout ratio (DPR) is presently 261.15%.
Duke Energy Company 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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.
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