Duke Energy Co. (NYSE:DUK) Shares Acquired by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC lifted its stake in Duke Energy Co. (NYSE:DUK) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,078 shares of the utilities provider’s stock after acquiring an additional 1,391 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Duke Energy were worth $1,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DUK. Pathway Financial Advisers LLC increased its position in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after purchasing an additional 6,719,398 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Duke Energy by 13,829.1% during the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp grew its stake in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares during the last quarter. Wulff Hansen & CO. increased its holdings in shares of Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after acquiring an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON purchased a new stake in Duke Energy during the 1st quarter valued at approximately $36,278,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DUK shares. Scotiabank raised their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. raised their price objective on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays boosted their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley reduced their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday. Finally, The Goldman Sachs Group upped their price objective on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.69.

Duke Energy Stock Down 0.1 %

Duke Energy stock opened at $114.70 on Friday. The firm has a market capitalization of $88.60 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a fifty-two week low of $89.92 and a fifty-two week high of $121.25. The stock’s fifty day moving average is $115.14 and its two-hundred day moving average is $109.74.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter last year, the business posted $1.94 earnings per share. The business’s revenue was up 2.1% compared to the same quarter last year. Analysts predict that Duke Energy Co. will post 5.97 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 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is currently 76.84%.

About Duke Energy

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.