Commerce Bank Boosts Stock Position in Duke Energy Co. (NYSE:DUK)

Commerce Bank raised its position in Duke Energy Co. (NYSE:DUK) by 5.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,217 shares of the utilities provider’s stock after buying an additional 15,069 shares during the quarter. Commerce Bank’s holdings in Duke Energy were worth $31,041,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PBMares Wealth Management LLC boosted its stake in Duke Energy by 1.8% during the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after purchasing an additional 86 shares during the last quarter. Pinnacle West Asset Management Inc. boosted its stake 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 valued at $444,000 after purchasing an additional 90 shares during the last quarter. Castleview Partners LLC boosted its stake in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares during the last quarter. Kanawha Capital Management LLC boosted its stake in Duke Energy by 1.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its stake in 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 purchasing an additional 92 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Duke Energy Trading Up 0.2 %

DUK opened at $113.78 on Thursday. The stock has a market cap of $87.89 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.96 and a beta of 0.47. The stock’s 50 day moving average price is $115.21 and its 200-day moving average price is $109.56. Duke Energy Co. has a one year low of $88.73 and a one year high of $121.25. 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 (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period last year, the company earned $1.94 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.67%. Duke Energy’s dividend payout ratio is currently 76.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DUK shares. The Goldman Sachs Group raised their price target on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. raised their price target on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Morgan Stanley raised their price target on Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

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.