Duke Energy Co. (NYSE:DUK) Shares Bought by Greenleaf Trust

Greenleaf Trust raised its holdings in shares of Duke Energy Co. (NYSE:DUK) by 5.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 18,925 shares of the utilities provider’s stock after buying an additional 958 shares during the quarter. Greenleaf Trust’s holdings in Duke Energy were worth $2,182,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Mackenzie Financial Corp lifted its position in shares of 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 during the last quarter. Wulff Hansen & CO. lifted its position in Duke Energy by 9,923.0% in the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after acquiring an additional 761,590 shares during the last quarter. BROOKFIELD Corp ON acquired a new position in Duke Energy in the first quarter valued at $36,278,000. Capital Research Global Investors grew its holdings in shares of Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after purchasing an additional 352,320 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after purchasing an additional 324,289 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK stock opened at $120.57 on Thursday. 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 12-month low of $86.61 and a 12-month high of $121.25. The company has a market cap of $93.05 billion, a price-to-earnings ratio of 30.29, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The stock has a 50 day simple moving average of $115.40 and a 200-day simple moving average of $107.25.

Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. The company had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. Duke Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. On average, equities analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.47%. Duke Energy’s payout ratio is currently 105.03%.

Analysts Set New Price Targets

DUK has been the topic of a number of research reports. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. Morgan Stanley raised their target price on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Duke Energy in a report on Thursday, August 29th. Seven 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, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Insider Buying and Selling at Duke Energy

In other news, EVP Louis E. Renjel sold 540 shares of the business’s 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.