Investment Management Corp of Ontario Boosts Stock Holdings in Duke Energy Corporation $DUK

Investment Management Corp of Ontario grew its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 46.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,491 shares of the utilities provider’s stock after purchasing an additional 48,264 shares during the period. Investment Management Corp of Ontario’s holdings in Duke Energy were worth $17,994,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DUK. Activest Wealth Management raised its position in Duke Energy by 98.1% in the first quarter. Activest Wealth Management now owns 212 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 105 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of Duke Energy in the 2nd quarter valued at about $28,000. Mascoma Wealth Management LLC increased its holdings in shares of Duke Energy by 53.7% in the 2nd quarter. Mascoma Wealth Management LLC now owns 249 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 87 shares in the last quarter. Financial Network Wealth Advisors LLC boosted its holdings in Duke Energy by 360.0% during the first quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the utilities provider’s stock worth $31,000 after buying an additional 198 shares in the last quarter. Finally, Access Investment Management LLC acquired a new position in Duke Energy during the second quarter worth about $31,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 1.2%

NYSE DUK opened at $115.12 on Tuesday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.40 and a current ratio of 0.63. The stock has a market cap of $89.52 billion, a PE ratio of 18.10, a PEG ratio of 2.68 and a beta of 0.49. The firm has a 50-day simple moving average of $124.01 and a 200 day simple moving average of $121.27.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.06. The company had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.51 billion. Duke Energy had a return on equity of 9.98% and a net margin of 15.76%.The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.62 EPS. On average, research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid a $1.065 dividend. The ex-dividend date is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.7%. Duke Energy’s dividend payout ratio is currently 66.98%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DUK. TD Cowen began coverage on shares of Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price target for the company. Cowen assumed coverage on Duke Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. The Goldman Sachs Group raised their price target on Duke Energy from $138.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. BMO Capital Markets decreased their price objective on shares of Duke Energy from $138.00 to $136.00 in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $137.69.

Insider Activity at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the sale, the executive vice president owned 11,367 shares of the company’s stock, valued at $1,407,234.60. The trade was a 41.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% 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.