Mirae Asset Global Investments Co. Ltd. Has $26.10 Million Stock Holdings in Duke Energy Co. (NYSE:DUK)

Mirae Asset Global Investments Co. Ltd. lowered its position in shares of Duke Energy Co. (NYSE:DUK) by 0.2% in the second quarter, HoldingsChannel reports. The fund owned 290,918 shares of the utilities provider’s stock after selling 727 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Duke Energy were worth $26,100,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Avidian Wealth Solutions LLC lifted its holdings in Duke Energy by 21.2% in the first quarter. Avidian Wealth Solutions LLC now owns 4,565 shares of the utilities provider’s stock valued at $440,000 after buying an additional 798 shares during the period. Fiduciary Alliance LLC acquired a new stake in shares of Duke Energy in the 2nd quarter valued at approximately $118,000. International Assets Investment Management LLC grew its holdings in Duke Energy by 2.6% during the second quarter. International Assets Investment Management LLC now owns 8,760 shares of the utilities provider’s stock valued at $783,000 after purchasing an additional 224 shares during the period. Coastline Trust Co increased its stake in Duke Energy by 2.5% in the first quarter. Coastline Trust Co now owns 4,925 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 120 shares in the last quarter. Finally, Clarus Group Inc. acquired a new stake in Duke Energy in the second quarter worth $351,000. Institutional investors and hedge funds own 63.68% of the company’s stock.

Duke Energy Stock Down 0.8 %

DUK opened at $89.30 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.52 and a debt-to-equity ratio of 1.43. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $106.43. The stock’s fifty day simple moving average is $89.56 and its 200 day simple moving average is $90.88. The stock has a market cap of $68.82 billion, a PE ratio of 56.88, a price-to-earnings-growth ratio of 2.63 and a beta of 0.45.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.02. Duke Energy had a return on equity of 8.24% and a net margin of 4.47%. The firm had revenue of $7.99 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the previous year, the firm earned $1.78 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts expect that Duke Energy Co. will post 5.59 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be issued a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Thursday, November 16th. Duke Energy’s dividend payout ratio (DPR) is 261.15%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com raised Duke Energy from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Barclays increased their price objective on shares of Duke Energy from $96.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, September 14th. BMO Capital Markets cut their price objective on shares of Duke Energy from $105.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. KeyCorp dropped their price target on Duke Energy from $109.00 to $96.00 and set an “overweight” rating on the stock in a research note on Thursday, October 5th. Finally, Royal Bank of Canada reduced their price objective on Duke Energy from $104.00 to $101.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Duke Energy currently has a consensus rating of “Hold” and an average target price of $98.36.

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.