Duke Energy Co. (NYSE:DUK) Shares Bought by Jump Financial LLC

Jump Financial LLC boosted its position in Duke Energy Co. (NYSE:DUKFree Report) by 55.6% in the third quarter, HoldingsChannel.com reports. The firm owned 5,061 shares of the utilities provider’s stock after purchasing an additional 1,808 shares during the quarter. Jump Financial LLC’s holdings in Duke Energy were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DUK. South Dakota Investment Council grew its holdings in shares of Duke Energy by 12.6% during the 3rd quarter. South Dakota Investment Council now owns 141,912 shares of the utilities provider’s stock valued at $12,525,000 after acquiring an additional 15,889 shares in the last quarter. Nicolet Advisory Services LLC grew its holdings in shares of Duke Energy by 11.6% during the 3rd quarter. Nicolet Advisory Services LLC now owns 3,028 shares of the utilities provider’s stock valued at $261,000 after acquiring an additional 314 shares in the last quarter. Savant Capital LLC grew its holdings in shares of Duke Energy by 8.8% during the 3rd quarter. Savant Capital LLC now owns 79,762 shares of the utilities provider’s stock valued at $7,040,000 after acquiring an additional 6,450 shares in the last quarter. Wambolt & Associates LLC grew its holdings in shares of Duke Energy by 2.0% during the 3rd quarter. Wambolt & Associates LLC now owns 11,325 shares of the utilities provider’s stock valued at $968,000 after acquiring an additional 219 shares in the last quarter. Finally, Kellett Wealth Advisors LLC grew its holdings in shares of Duke Energy by 3.8% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 10,386 shares of the utilities provider’s stock valued at $917,000 after acquiring an additional 382 shares in the last quarter. 63.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DUK has been the topic of several research analyst reports. Bank of America lowered their price target on shares of Duke Energy from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, December 22nd. Morgan Stanley upped their price objective on shares of Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 21st. KeyCorp upped their price objective on shares of Duke Energy from $106.00 to $107.00 and gave the stock an “overweight” rating in a report on Thursday, January 4th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, November 29th. Finally, Evercore ISI upgraded shares of Duke Energy from an “in-line” rating to an “outperform” rating and upped their price target for the company from $90.00 to $108.00 in a report on Tuesday, January 23rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $100.42.

Get Our Latest Analysis on DUK

Duke Energy Stock Down 1.0 %

Shares of DUK opened at $91.69 on Friday. Duke Energy Co. has a 52 week low of $83.06 and a 52 week high of $100.44. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.52 and a current ratio of 0.74. The firm has a market capitalization of $70.67 billion, a P/E ratio of 25.83, a P/E/G ratio of 2.45 and a beta of 0.48. The company has a 50-day simple moving average of $96.31 and a 200-day simple moving average of $92.34.

Duke Energy (NYSE:DUKGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.24 billion. Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. On average, equities research analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 16th will be issued a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Thursday, February 15th. Duke Energy’s payout ratio is 115.49%.

About Duke Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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