DekaBank Deutsche Girozentrale Buys 20,183 Shares of Duke Energy Co. (NYSE:DUK)

DekaBank Deutsche Girozentrale grew its stake in Duke Energy Co. (NYSE:DUK) by 10.7% in the 3rd quarter, Holdings Channel reports. The firm owned 208,291 shares of the utilities provider’s stock after purchasing an additional 20,183 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Duke Energy were worth $24,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortitude Family Office LLC raised its stake in Duke Energy by 69.6% in the second quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock worth $29,000 after buying an additional 119 shares in the last quarter. Olistico Wealth LLC purchased a new position in shares of Duke Energy during the 2nd quarter worth approximately $30,000. Northwest Investment Counselors LLC bought a new position in shares of Duke Energy in the 3rd quarter worth approximately $30,000. Cedar Wealth Management LLC lifted its stake in shares of Duke Energy by 101.2% in the 1st quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 169 shares during the period. Finally, EntryPoint Capital LLC purchased a new stake in Duke Energy in the first quarter worth $36,000. 65.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now directly owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Duke Energy Price Performance

NYSE DUK opened at $117.06 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy Co. has a 1-year low of $86.61 and a 1-year high of $121.25. The stock has a market capitalization of $90.39 billion, a price-to-earnings ratio of 21.56, a PEG ratio of 3.27 and a beta of 0.46. The business’s fifty day moving average price is $115.70 and its 200-day moving average price is $107.78.

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

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 76.98%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 18th. Mizuho raised Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. 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. Bank of America raised their price target on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, Morgan Stanley increased their price objective on shares of Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy 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.