Duke Energy Corporation $DUK Shares Purchased by 1832 Asset Management L.P.

1832 Asset Management L.P. raised its holdings in Duke Energy Corporation (NYSE:DUK) by 33.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,371 shares of the utilities provider’s stock after purchasing an additional 6,164 shares during the quarter. 1832 Asset Management L.P.’s holdings in Duke Energy were worth $2,876,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DUK. Activest Wealth Management lifted its position in Duke Energy by 98.1% during the 1st quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy during the second quarter worth $28,000. Mascoma Wealth Management LLC lifted its holdings in shares of Duke Energy by 53.7% during the second quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 87 shares during the period. Financial Network Wealth Advisors LLC increased its stake in Duke Energy by 360.0% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock valued at $31,000 after buying an additional 198 shares during the period. Finally, Access Investment Management LLC purchased a new position in Duke Energy during the 2nd quarter worth $31,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

NYSE DUK opened at $116.49 on Friday. The business has a 50 day moving average price of $124.17 and a 200 day moving average price of $121.21. The company has a market capitalization of $90.59 billion, a P/E ratio of 18.32, a PEG ratio of 2.72 and a beta of 0.49. Duke Energy Corporation has a 1-year low of $105.20 and a 1-year high of $130.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. The company had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.Duke Energy’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.62 earnings per share. Sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm 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 dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 14th. Duke Energy’s dividend payout ratio is 66.98%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of Duke Energy from $131.00 to $137.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Royal Bank Of Canada upgraded Duke Energy to a “hold” rating in a research report on Tuesday, October 28th. Cowen started coverage on Duke Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. BMO Capital Markets decreased their price target on Duke Energy from $138.00 to $136.00 in a research note on Monday, November 10th. Finally, Barclays upped their price objective on Duke Energy from $131.00 to $135.00 and gave the stock an “overweight” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.44.

Insider Activity at Duke Energy

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

About Duke Energy

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.