Toronto Dominion Bank Purchases 130,272 Shares of Duke Energy Co. (NYSE:DUK)

Toronto Dominion Bank raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 47.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 402,982 shares of the utilities provider’s stock after acquiring an additional 130,272 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Duke Energy worth $40,391,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wulff Hansen & CO. increased its stake in Duke Energy by 9,923.0% in the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after buying an additional 761,590 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Duke Energy by 4.8% in the 4th quarter. Capital Research Global Investors now owns 11,141,020 shares of the utilities provider’s stock valued at $1,081,125,000 after acquiring an additional 509,039 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Duke Energy in the fourth quarter valued at about $41,874,000. Morningstar Investment Services LLC boosted its position in Duke Energy by 96.1% during the fourth quarter. Morningstar Investment Services LLC now owns 789,612 shares of the utilities provider’s stock valued at $76,529,000 after purchasing an additional 387,038 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new position in Duke Energy in the first quarter valued at approximately $36,278,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the topic of a number of analyst reports. Evercore ISI upped their price objective on Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. BMO Capital Markets increased their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research note on Wednesday, September 18th. KeyCorp boosted their price objective on shares of Duke Energy from $117.00 to $121.00 and gave the stock an “overweight” rating in a research note on Monday, September 16th. Wells Fargo & Company raised their target price on shares of Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Bank of America boosted their price target on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Duke Energy currently has an average rating of “Moderate Buy” and an average target price of $116.79.

Insider Transactions at Duke Energy

In related news, EVP Louis E. Renjel sold 540 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at $2,259,617.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE DUK opened at $116.21 on Thursday. The firm has a market cap of $89.74 billion, a P/E ratio of 29.20, a price-to-earnings-growth ratio of 3.22 and a beta of 0.47. The business’s 50 day moving average is $112.98 and its 200-day moving average is $104.28. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.56. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $118.31.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. Equities research analysts predict that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 16th were given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend was Friday, August 16th. This is a positive change from Duke Energy’s previous quarterly dividend of $1.03. Duke Energy’s dividend payout ratio is presently 105.03%.

About 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.