Commerce Bank Has $32.89 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Commerce Bank lifted its holdings in Duke Energy Co. (NYSE:DUKGet Rating) by 2.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,620 shares of the utilities provider’s stock after buying an additional 8,064 shares during the period. Commerce Bank’s holdings in Duke Energy were worth $32,894,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DUK. Hennion & Walsh Asset Management Inc. boosted its position in Duke Energy by 11.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 21,673 shares of the utilities provider’s stock valued at $2,324,000 after purchasing an additional 2,223 shares during the last quarter. International Assets Investment Management LLC boosted its position in Duke Energy by 17.8% during the second quarter. International Assets Investment Management LLC now owns 5,532 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 834 shares during the last quarter. MAI Capital Management boosted its position in Duke Energy by 39.1% during the second quarter. MAI Capital Management now owns 15,291 shares of the utilities provider’s stock valued at $1,639,000 after purchasing an additional 4,295 shares during the last quarter. Equitable Trust Co. boosted its position in Duke Energy by 24.8% during the second quarter. Equitable Trust Co. now owns 6,666 shares of the utilities provider’s stock valued at $715,000 after purchasing an additional 1,324 shares during the last quarter. Finally, StoneX Group Inc. acquired a new stake in Duke Energy during the second quarter valued at $906,000. Institutional investors and hedge funds own 63.22% of the company’s stock.

Insider Activity at Duke Energy

In related news, EVP Steven K. Young sold 415 shares of the business’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $93.57, for a total transaction of $38,831.55. Following the transaction, the executive vice president now directly owns 112,412 shares in the company, valued at $10,518,390.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Duke Energy Trading Up 0.4 %

Duke Energy stock opened at $101.37 on Wednesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.56 and a current ratio of 0.77. The business’s 50-day simple moving average is $101.54 and its 200-day simple moving average is $101.81. The firm has a market capitalization of $78.06 billion, a PE ratio of 20.44, a PEG ratio of 3.28 and a beta of 0.39. Duke Energy Co. has a 52 week low of $83.76 and a 52 week high of $116.33.

Duke Energy (NYSE:DUKGet Rating) last posted its quarterly earnings data on Thursday, November 3rd. The utilities provider reported $1.78 EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($0.05). Duke Energy had a return on equity of 8.24% and a net margin of 14.03%. The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Equities research analysts forecast that Duke Energy Co. will post 5.27 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Friday, February 17th will be paid a dividend of $1.005 per share. The ex-dividend date is Thursday, February 16th. This represents a $4.02 annualized dividend and a yield of 3.97%. Duke Energy’s dividend payout ratio is 81.05%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DUK. Seaport Res Ptn cut Duke Energy from a “neutral” rating to a “sell” rating in a research report on Monday, November 21st. Guggenheim reduced their price target on Duke Energy from $119.00 to $97.00 in a research report on Monday, October 24th. Credit Suisse Group reduced their price target on Duke Energy from $114.00 to $94.00 and set a “neutral” rating for the company in a research report on Wednesday, October 12th. StockNews.com started coverage on Duke Energy in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Morgan Stanley reduced their price target on Duke Energy from $110.00 to $108.00 and set an “equal weight” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $107.45.

Duke Energy Profile

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Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities & Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in regulated electric utilities in the Carolinas, Florida and the Midwest.

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

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