Aigen Investment Management LP Has $2.19 Million Holdings in Duke Energy Co. (NYSE:DUK)

Aigen Investment Management LP lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 248.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 19,023 shares of the utilities provider’s stock after purchasing an additional 13,557 shares during the quarter. Aigen Investment Management LP’s holdings in Duke Energy were worth $2,193,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Duke Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after buying an additional 324,289 shares in the last quarter. Capital Research Global Investors increased its holdings in Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after buying an additional 352,320 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Barclays boosted their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley upped their target price on shares of Duke Energy from $114.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, August 12th. Finally, Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

Duke Energy Price Performance

DUK traded up $0.29 during trading on Tuesday, reaching $112.75. 135,879 shares of the company traded hands, compared to its average volume of 3,050,480. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.53 and a current ratio of 0.70. Duke Energy Co. has a 12-month low of $86.61 and a 12-month high of $121.25. The firm has a fifty day simple moving average of $115.81 and a 200 day simple moving average of $108.97. The company has a market cap of $87.07 billion, a P/E ratio of 20.67, a PEG ratio of 3.09 and a beta of 0.47.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.71%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 76.84%.

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.