Squarepoint Ops LLC increased its position in Duke Energy Corp (NYSE:DUK) by 47.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 207,441 shares of the utilities provider’s stock after acquiring an additional 67,199 shares during the quarter. Squarepoint Ops LLC’s holdings in Duke Energy were worth $19,885,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vectors Research Management LLC raised its holdings in Duke Energy by 3.5% in the 3rd quarter. Vectors Research Management LLC now owns 4,700 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 157 shares during the period. IHT Wealth Management LLC raised its holdings in Duke Energy by 52.5% in the 3rd quarter. IHT Wealth Management LLC now owns 9,002 shares of the utilities provider’s stock worth $862,000 after acquiring an additional 3,100 shares during the period. Tiemann Investment Advisors LLC raised its holdings in Duke Energy by 4.4% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 4,701 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 200 shares during the period. National Pension Service raised its holdings in Duke Energy by 5.0% in the 3rd quarter. National Pension Service now owns 783,848 shares of the utilities provider’s stock worth $75,140,000 after acquiring an additional 37,399 shares during the period. Finally, Family Management Corp bought a new position in Duke Energy in the 3rd quarter worth $274,000. Hedge funds and other institutional investors own 60.21% of the company’s stock.
Several brokerages recently commented on DUK. Credit Suisse Group lifted their target price on shares of Duke Energy from $95.00 to $98.00 and gave the stock a “neutral” rating in a report on Monday, September 9th. Goldman Sachs Group upgraded shares of Duke Energy from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $93.00 in a report on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Duke Energy from $91.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. SunTrust Banks dropped their price objective on shares of Duke Energy to $90.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Finally, Barclays upgraded shares of Duke Energy from an “equal weight” rating to an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $94.27.
Shares of NYSE:DUK traded down $0.39 on Friday, hitting $88.17. 1,325,593 shares of the company were exchanged, compared to its average volume of 4,985,847. The company’s 50 day moving average price is $92.05 and its two-hundred day moving average price is $90.61. Duke Energy Corp has a one year low of $82.46 and a one year high of $97.37. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.49 and a current ratio of 0.72. The firm has a market capitalization of $64.28 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 3.63 and a beta of 0.07.
Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 8th. The utilities provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.10. Duke Energy had a net margin of 14.10% and a return on equity of 8.24%. The company had revenue of $6.94 billion for the quarter, compared to the consensus estimate of $7.24 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. Research analysts predict that Duke Energy Corp will post 5.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.945 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $3.78 dividend on an annualized basis and a yield of 4.29%. Duke Energy’s payout ratio is currently 80.08%.
About Duke Energy
Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio.
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