Duke Energy Corp (DUK) Stake Increased by Meiji Yasuda Asset Management Co Ltd.
Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Duke Energy Corp (NYSE:DUK) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,199 shares of the utilities provider’s stock after purchasing an additional 680 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Duke Energy were worth $3,877,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Winfield Associates Inc. boosted its position in shares of Duke Energy by 14.3% in the 2nd quarter. Winfield Associates Inc. now owns 1,322 shares of the utilities provider’s stock worth $111,000 after purchasing an additional 165 shares in the last quarter. Nelson Roberts Investment Advisors LLC acquired a new stake in shares of Duke Energy in the 3rd quarter worth $112,000. Daiwa SB Investments Ltd. acquired a new stake in shares of Duke Energy in the 2nd quarter worth $130,000. AllSquare Wealth Management LLC acquired a new stake in shares of Duke Energy in the 3rd quarter worth $155,000. Finally, Camarda Financial Advisors LLC boosted its position in shares of Duke Energy by 357.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 2,130 shares of the utilities provider’s stock worth $178,000 after purchasing an additional 1,664 shares in the last quarter. 57.34% of the stock is owned by hedge funds and other institutional investors.
A number of research firms have recently weighed in on DUK. Zacks Investment Research raised Duke Energy from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Thursday, August 24th. Morgan Stanley raised their target price on Duke Energy from $95.00 to $96.00 and gave the stock an “equal weight” rating in a research note on Wednesday. SunTrust Banks restated a “hold” rating and issued a $90.00 target price on shares of Duke Energy in a research note on Monday, November 6th. BidaskClub upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Finally, Wolfe Research upgraded Duke Energy from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $87.21.
Duke Energy Corp (NYSE:DUK) opened at $87.84 on Friday. The stock has a market capitalization of $61,475.39, a price-to-earnings ratio of 19.74, a P/E/G ratio of 4.80 and a beta of 0.26. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.71 and a quick ratio of 0.41. Duke Energy Corp has a 52 week low of $75.78 and a 52 week high of $91.80.
Duke Energy (NYSE:DUK) last issued its earnings results on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. analysts forecast that Duke Energy Corp will post 4.56 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 dividend on an annualized basis and a dividend yield of 4.05%. Duke Energy’s payout ratio is currently 117.49%.
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Duke Energy Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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