Quantinno Capital Management LP increased its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 40.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,386 shares of the utilities provider's stock after purchasing an additional 13,180 shares during the period. Quantinno Capital Management LP's holdings in Duke Energy were worth $5,233,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in DUK. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy during the third quarter worth about $30,000. Sachetta LLC grew its stake in shares of Duke Energy by 41.9% during the 2nd quarter. Sachetta LLC now owns 325 shares of the utilities provider's stock worth $36,000 after acquiring an additional 96 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Duke Energy in the third quarter valued at approximately $38,000. Catalyst Capital Advisors LLC boosted its holdings in Duke Energy by 100.0% during the third quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider's stock worth $39,000 after purchasing an additional 167 shares during the last quarter. Finally, Carolina Wealth Advisors LLC grew its position in Duke Energy by 82.7% in the third quarter. Carolina Wealth Advisors LLC now owns 360 shares of the utilities provider's stock valued at $42,000 after purchasing an additional 163 shares in the last quarter. Institutional investors own 65.31% of the company's stock.
Shares of DUK opened at $112.10 on Friday. The firm's 50-day simple moving average is $114.93 and its 200 day simple moving average is $110.59. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The firm has a market cap of $86.60 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.99 and a beta of 0.47. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the business posted $1.94 EPS. Duke Energy's revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that Duke Energy Co. will post 5.95 earnings per share for the current year.
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.73%. Duke Energy's dividend payout ratio (DPR) is presently 76.84%.
A number of equities analysts have recently commented on the stock. Mizuho upgraded shares of Duke Energy from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. BMO Capital Markets boosted their price target on Duke Energy from $120.00 to $126.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 18th. Scotiabank increased their price objective on Duke Energy from $104.00 to $113.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 1st. Finally, The Goldman Sachs Group lifted their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a "neutral" rating in a research 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.69.
Get Our Latest Report on 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.
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