Intech Investment Management LLC Grows Stock Holdings in Duke Energy Co. (NYSE:DUK)

by · The Cerbat Gem

Intech Investment Management LLC grew its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 25.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,215 shares of the utilities provider’s stock after buying an additional 6,724 shares during the period. Intech Investment Management LLC’s holdings in Duke Energy were worth $3,830,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Citizens Financial Group Inc. RI increased its stake in Duke Energy by 2.6% during the third quarter. Citizens Financial Group Inc. RI now owns 8,503 shares of the utilities provider’s stock worth $980,000 after acquiring an additional 216 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Duke Energy by 2.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 11,906 shares of the utilities provider’s stock worth $1,373,000 after purchasing an additional 231 shares during the period. First Horizon Advisors Inc. raised its holdings in Duke Energy by 6.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 44,365 shares of the utilities provider’s stock valued at $5,115,000 after buying an additional 2,622 shares during the period. Advisors Asset Management Inc. lifted its position in Duke Energy by 0.5% in the third quarter. Advisors Asset Management Inc. now owns 38,303 shares of the utilities provider’s stock worth $4,416,000 after buying an additional 191 shares during the last quarter. Finally, Commerce Bank boosted its stake in Duke Energy by 5.9% during the third quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock worth $31,041,000 after buying an additional 15,069 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Scotiabank raised their target price on shares of Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their target price on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Barclays increased their price target on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Jefferies Financial Group began coverage on Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective for the company. Finally, The Goldman Sachs Group lifted their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.69.

Get Our Latest Stock Report on Duke Energy

Duke Energy Trading Down 0.1 %

NYSE DUK opened at $114.70 on Friday. Duke Energy Co. has a one year low of $89.92 and a one year high of $121.25. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The company has a market capitalization of $88.60 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 3.03 and a beta of 0.47. The company’s 50-day simple moving average is $115.14 and its two-hundred day simple moving average is $109.74.

Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.94 earnings per share. Equities analysts forecast that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

About Duke Energy

(Free Report)

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.

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