Duke Energy Co. (NYSE:DUK) Shares Bought by D.A. Davidson & CO.

D.A. Davidson & CO. grew its position in Duke Energy Co. (NYSE:DUK) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 218,570 shares of the utilities provider’s stock after buying an additional 2,550 shares during the quarter. D.A. Davidson & CO.’s holdings in Duke Energy were worth $25,201,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pathway Financial Advisers LLC grew its position in Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Swiss National Bank increased its stake in Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after buying an additional 6,500 shares during the period. Mackenzie Financial Corp lifted its holdings in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Duke Energy by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock valued at $182,101,000 after buying an additional 240,136 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of a number of recent research reports. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group upped their price target on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Wells Fargo & Company lifted their price objective on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Evercore ISI upped their target price on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, BMO Capital Markets lifted their price target on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 18th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Trading Up 0.3 %

Shares of Duke Energy stock opened at $115.00 on Tuesday. The company has a fifty day simple moving average of $115.08 and a 200-day simple moving average of $109.88. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The stock has a market cap of $88.84 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 3.02 and a beta of 0.47.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 EPS. On average, equities analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.63%. Duke Energy’s payout ratio is 76.84%.

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.