Vinva Investment Management Ltd Buys 13,666 Shares of Duke Energy Corporation $DUK

Vinva Investment Management Ltd raised its stake in shares of Duke Energy Corporation (NYSE:DUK) by 59.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,695 shares of the utilities provider’s stock after buying an additional 13,666 shares during the quarter. Vinva Investment Management Ltd’s holdings in Duke Energy were worth $4,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DUK. Te Ahumairangi Investment Management Ltd grew its stake in Duke Energy by 5.1% in the second quarter. Te Ahumairangi Investment Management Ltd now owns 19,909 shares of the utilities provider’s stock valued at $2,349,000 after acquiring an additional 960 shares during the period. Gibson Wealth Advisors LLC grew its position in shares of Duke Energy by 15.4% in the 2nd quarter. Gibson Wealth Advisors LLC now owns 15,000 shares of the utilities provider’s stock valued at $1,770,000 after purchasing an additional 2,000 shares during the period. Employees Retirement System of Texas increased its stake in Duke Energy by 8.9% during the 2nd quarter. Employees Retirement System of Texas now owns 102,775 shares of the utilities provider’s stock worth $12,127,000 after purchasing an additional 8,437 shares in the last quarter. Choreo LLC raised its holdings in Duke Energy by 1.4% during the 2nd quarter. Choreo LLC now owns 43,093 shares of the utilities provider’s stock worth $5,085,000 after buying an additional 592 shares during the period. Finally, Inceptionr LLC acquired a new position in shares of Duke Energy in the second quarter valued at approximately $759,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DUK has been the topic of a number of research analyst reports. Evercore ISI assumed coverage on shares of Duke Energy in a report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective on the stock. Wells Fargo & Company upgraded Duke Energy to a “hold” rating in a report on Tuesday, October 28th. TD Cowen initiated coverage on Duke Energy in a report on Thursday, October 16th. They set a “buy” rating and a $143.00 price objective for the company. Morgan Stanley restated an “underperform” rating on shares of Duke Energy in a research note on Thursday, November 20th. Finally, Scotiabank set a $137.00 price target on shares of Duke Energy and gave the stock a “sector outperform” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.44.

Duke Energy Trading Up 1.3%

Shares of Duke Energy stock opened at $123.52 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.66 and a quick ratio of 0.42. The business has a fifty day simple moving average of $124.52 and a two-hundred day simple moving average of $121.02. Duke Energy Corporation has a 1 year low of $105.20 and a 1 year high of $130.03. The company has a market capitalization of $96.06 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 3.05 and a beta of 0.45.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.75 by $0.06. The firm had revenue of $8.54 billion for the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.62 earnings per share. Research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is currently 66.98%.

Insider Transactions at Duke Energy

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the sale, the executive vice president owned 11,367 shares in the company, valued at $1,407,234.60. The trade was a 41.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

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.