Asset Management One Co. Ltd. Acquires 1,547 Shares of Duke Energy Co. (NYSE:DUK)

Asset Management One Co. Ltd. raised its holdings in Duke Energy Co. (NYSE:DUK) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 363,104 shares of the utilities provider’s stock after buying an additional 1,547 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Duke Energy were worth $41,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Duke Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after purchasing an additional 324,289 shares during the period. Capital Research Global Investors lifted its stake in shares of Duke Energy by 3.2% in the 1st quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after purchasing an additional 352,320 shares during the period. Pathway Financial Advisers LLC lifted its stake in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after purchasing an additional 6,719,398 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after purchasing an additional 813,744 shares during the period. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Duke Energy Stock Performance

Shares of DUK opened at $112.52 on Tuesday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy Co. has a one year low of $86.61 and a one year high of $121.25. The firm has a market capitalization of $86.89 billion, a P/E ratio of 20.72, a PEG ratio of 3.15 and a beta of 0.47. The business has a fifty day moving average of $115.83 and a 200 day moving average of $108.46.

Duke Energy (NYSE:DUK) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The business had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. Duke Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.71%. Duke Energy’s payout ratio is 76.98%.

Analyst Upgrades and Downgrades

DUK has been the subject of a number of research analyst reports. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and raised their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Bank of America lifted their price objective on Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. Morgan Stanley lifted their price objective on Duke Energy from $114.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Insider Activity

In other news, EVP Louis E. Renjel sold 540 shares of the business’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $113.64, for a total value of $61,365.60. Following the transaction, the executive vice president now directly owns 19,884 shares in the company, valued at $2,259,617.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.10% of the company’s stock.

Duke Energy Company 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.