Canada Post Corp Registered Pension Plan Increases Position in Duke Energy Corporation $DUK

Canada Post Corp Registered Pension Plan increased its position in shares of Duke Energy Corporation (NYSE:DUKFree Report) by 69.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,712 shares of the utilities provider’s stock after purchasing an additional 24,047 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Duke Energy were worth $7,210,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of DUK. Legacy Investment Solutions LLC bought a new position in shares of Duke Energy in the second quarter worth about $28,000. Access Investment Management LLC bought a new position in Duke Energy in the 2nd quarter worth approximately $31,000. Anfield Capital Management LLC grew its holdings in Duke Energy by 2,608.3% during the 2nd quarter. Anfield Capital Management LLC now owns 325 shares of the utilities provider’s stock valued at $38,000 after buying an additional 313 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Duke Energy during the third quarter valued at approximately $39,000. Finally, Total Investment Management Inc. purchased a new position in shares of Duke Energy in the second quarter worth $46,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE:DUK opened at $121.91 on Friday. The firm has a market capitalization of $94.80 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.68 and a beta of 0.51. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.63 and a quick ratio of 0.40. The business has a 50 day simple moving average of $118.04 and a 200-day simple moving average of $121.61. Duke Energy Corporation has a 1 year low of $110.51 and a 1 year high of $130.03.

Duke Energy (NYSE:DUKGet Free Report) last released its quarterly 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.62 EPS. Equities analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 13th will be issued a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, February 13th. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Key Headlines Impacting Duke Energy

Here are the key news stories impacting Duke Energy this week:

Insider Activity at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of Duke Energy stock in a transaction dated 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 approximately $1,407,234.60. The trade was a 41.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

DUK has been the topic of a number of research reports. Barclays reduced their price target on shares of Duke Energy from $135.00 to $127.00 and set an “overweight” rating on the stock in a report on Thursday, January 15th. BMO Capital Markets lifted their target price on Duke Energy from $130.00 to $132.00 and gave the stock an “outperform” rating in a report on Tuesday, January 27th. Royal Bank Of Canada dropped their price target on Duke Energy from $143.00 to $140.00 and set a “sector perform” rating for the company in a research note on Friday, January 23rd. Wells Fargo & Company reduced their price objective on Duke Energy from $126.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Finally, UBS Group lowered their target price on Duke Energy from $135.00 to $126.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Eleven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.50.

View Our Latest Stock Report on DUK

About Duke Energy

(Free Report)

Duke Energy Corporation is a U.S.-based electric power holding company headquartered in Charlotte, North Carolina. The company’s core business is the generation, transmission and distribution of electricity to residential, commercial and industrial customers. Duke Energy operates a mix of regulated electric utilities and non-regulated energy businesses, providing essential energy infrastructure and services across multiple states.

Its operating activities include owning and operating generation assets across a portfolio that encompasses nuclear, natural gas, coal, hydroelectric and an expanding array of renewable resources, as well as battery storage and grid modernization projects.

See Also

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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