Duke Energy Co. (NYSE:DUK) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC grew its stake in shares of Duke Energy Co. (NYSE:DUK) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,787 shares of the utilities provider’s stock after acquiring an additional 719 shares during the period. Tidal Investments LLC’s holdings in Duke Energy were worth $2,858,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DUK. PBMares Wealth Management LLC grew its stake in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock worth $563,000 after purchasing an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. lifted its holdings in Duke Energy by 2.1% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after buying an additional 90 shares during the last quarter. Castleview Partners LLC grew its position in shares of Duke Energy by 4.9% in the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock worth $224,000 after acquiring an additional 90 shares in the last quarter. Kanawha Capital Management LLC increased its holdings in shares of Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after acquiring an additional 92 shares during the last quarter. Finally, Baron Wealth Management LLC raised its position in shares of Duke Energy by 3.5% during the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DUK. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Bank of America increased their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Morgan Stanley lowered their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Barclays raised their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $122.23.

Duke Energy Price Performance

Shares of NYSE DUK opened at $108.82 on Monday. The stock has a market cap of $84.06 billion, a P/E ratio of 20.00, a P/E/G ratio of 2.90 and a beta of 0.47. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The firm’s 50-day simple moving average is $114.38 and its 200 day simple moving average is $110.94. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.94 earnings per share. Equities analysts expect that Duke Energy Co. will post 5.95 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.84%. Duke Energy’s dividend payout ratio is currently 76.84%.

Duke Energy 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.