Duke Energy Corporation $DUK Shares Newly Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Duke Energy Corporation (NYSE:DUK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 207,109 shares of the utilities provider’s stock, valued at approximately $23,612,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. grew its stake in shares of Duke Energy by 1.2% in the 2nd quarter. Ables Iannone Moore & Associates Inc. now owns 6,623 shares of the utilities provider’s stock valued at $838,000 after purchasing an additional 80 shares during the last quarter. Absher Wealth Management LLC increased its holdings in shares of Duke Energy by 2.3% in the first quarter. Absher Wealth Management LLC now owns 3,648 shares of the utilities provider’s stock valued at $478,000 after purchasing an additional 81 shares during the period. NovaPoint Capital LLC raised its stake in shares of Duke Energy by 0.7% during the third quarter. NovaPoint Capital LLC now owns 12,551 shares of the utilities provider’s stock worth $1,431,000 after purchasing an additional 84 shares during the last quarter. Angeles Wealth Management LLC raised its stake in shares of Duke Energy by 1.1% during the second quarter. Angeles Wealth Management LLC now owns 7,617 shares of the utilities provider’s stock worth $964,000 after purchasing an additional 85 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Duke Energy by 1.7% during the first quarter. Personal CFO Solutions LLC now owns 5,223 shares of the utilities provider’s stock worth $684,000 after purchasing an additional 86 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $128.46 on Tuesday. The business’s 50 day simple moving average is $119.28 and its 200-day simple moving average is $124.32. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.43. The firm has a market capitalization of $100.16 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.88 and a beta of 0.36. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The company had revenue of $7.59 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the previous year, the business posted $1.25 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts forecast that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be issued a dividend of $1.0850 per share. The ex-dividend date is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s payout ratio is 65.17%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DUK. Weiss Ratings reiterated a “buy (b)” rating on shares of Duke Energy in a research report on Thursday. BTIG Research reissued a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. Morgan Stanley upped their price objective on shares of Duke Energy from $127.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Wall Street Zen upgraded shares of Duke Energy from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Finally, Scotiabank lowered their target price on shares of Duke Energy from $146.00 to $131.00 in a report on Wednesday, September 30th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.19.

Duke Energy Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.