Duke Energy Co. (NYSE:DUK) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its holdings in Duke Energy Co. (NYSE:DUK) by 0.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 290,918 shares of the utilities provider’s stock after selling 727 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Duke Energy were worth $26,100,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AAF Wealth Management LLC boosted its holdings in shares of Duke Energy by 10.5% in the 2nd quarter. AAF Wealth Management LLC now owns 2,294 shares of the utilities provider’s stock valued at $206,000 after buying an additional 218 shares in the last quarter. Beck Bode LLC purchased a new stake in shares of Duke Energy in the 2nd quarter valued at about $8,788,000. Clarius Group LLC boosted its position in shares of Duke Energy by 12.2% in the 2nd quarter. Clarius Group LLC now owns 7,455 shares of the utilities provider’s stock valued at $669,000 after purchasing an additional 809 shares during the period. Private Advisor Group LLC grew its stake in Duke Energy by 6.8% during the 2nd quarter. Private Advisor Group LLC now owns 71,859 shares of the utilities provider’s stock worth $6,527,000 after buying an additional 4,549 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in Duke Energy by 2.5% during the second quarter. Moors & Cabot Inc. now owns 57,609 shares of the utilities provider’s stock worth $5,170,000 after buying an additional 1,378 shares during the period. 63.68% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Down 0.8 %

DUK stock opened at $89.30 on Tuesday. The stock has a market capitalization of $68.82 billion, a P/E ratio of 56.88, a PEG ratio of 2.63 and a beta of 0.45. The company has a 50 day moving average price of $89.56 and a two-hundred day moving average price of $90.88. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.52 and a current ratio of 0.76. Duke Energy Co. has a one year low of $83.06 and a one year high of $106.43.

Duke Energy (NYSE:DUK) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.02. Duke Energy had a net margin of 4.47% and a return on equity of 8.24%. The company had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the prior year, the company earned $1.78 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Duke Energy Co. will post 5.59 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a dividend of $1.025 per share. This represents a $4.10 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s payout ratio is 261.15%.

Wall Street Analysts Forecast Growth

DUK has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a research report on Thursday, August 17th. Royal Bank of Canada decreased their price objective on Duke Energy from $104.00 to $101.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Barclays increased their price target on Duke Energy from $96.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, September 14th. Morgan Stanley dropped their price objective on shares of Duke Energy from $98.00 to $93.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 25th. Finally, KeyCorp dropped their price target on shares of Duke Energy from $109.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, October 5th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $98.36.

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.