Randolph Co Inc Buys 126,775 Shares of Duke Energy Corporation $DUK

Randolph Co Inc acquired a new position in shares of Duke Energy Corporation (NYSE:DUK) in the 3rd quarter, HoldingsChannel reports. The fund acquired 126,775 shares of the utilities provider’s stock, valued at approximately $14,454,000. Duke Energy comprises approximately 1.1% of Randolph Co Inc’s holdings, making the stock its 25th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Merit Financial Group LLC increased its stake in Duke Energy by 15.7% in the second quarter. Merit Financial Group LLC now owns 70,388 shares of the utilities provider’s stock valued at $8,910,000 after purchasing an additional 9,562 shares during the last quarter. Sarasin & Partners LLP raised its holdings in Duke Energy by 15.3% during the second quarter. Sarasin & Partners LLP now owns 1,283,213 shares of the utilities provider’s stock worth $162,429,000 after purchasing an additional 170,700 shares in the last quarter. Nykredit A S acquired a new stake in Duke Energy during the second quarter worth approximately $17,106,000. V. M. Manning & CO. Inc. acquired a new stake in Duke Energy during the second quarter worth approximately $2,432,000. Finally, Cohen Klingenstein LLC purchased a new stake in shares of Duke Energy during the 2nd quarter worth approximately $2,051,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

Shares of NYSE DUK opened at $125.11 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47. Duke Energy Corporation has a twelve month low of $112.40 and a twelve month high of $134.49. The stock has a 50 day moving average of $118.87 and a two-hundred day moving average of $123.41. The stock has a market cap of $97.54 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.92 and a beta of 0.36.

Duke Energy (NYSE:DUK) last announced its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.13. The business had revenue of $7.59 billion for the quarter, compared to analyst estimates of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. On average, research analysts forecast that Duke Energy Corporation will post 6.72 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Investors of record on Friday, November 13th will be paid a dividend of $1.0850 per share. The ex-dividend date is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a yield of 3.5%. Duke Energy’s dividend payout ratio is currently 65.17%.

Wall Street Analyst Weigh In

DUK has been the subject of several research analyst reports. KeyCorp lowered their target price on shares of Duke Energy from $139.00 to $128.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. HSBC began coverage on shares of Duke Energy in a research note on Thursday. They set a “hold” rating and a $123.00 price target on the stock. Jefferies Financial Group reissued a “hold” rating and issued a $121.00 price target on shares of Duke Energy in a research report on Monday, October 12th. Truist Financial decreased their price objective on shares of Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 12th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Duke Energy in a report on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $132.19.

Duke Energy Profile

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.