Duke Energy Corporation $DUK Stock Acquired by Griffith & Werner Inc.

Griffith & Werner Inc. increased its position in Duke Energy Corporation (NYSE:DUK – Free Report) by 16.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,356 shares of the utilities provider’s stock after purchasing an additional 4,947 shares during the quarter. Duke Energy accounts for 1.3% of Griffith & Werner Inc.’s portfolio, making the stock its 26th largest position. Griffith & Werner Inc.’s holdings in Duke Energy were worth $3,917,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DUK. Bank of New York Mellon Corp acquired a new position in Duke Energy in the 2nd quarter worth $605,680,000. Janus Henderson Group PLC boosted its position in Duke Energy by 5,254.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,735,816 shares of the utilities provider’s stock valued at $358,227,000 after buying an additional 2,684,721 shares during the last quarter. Cullen Capital Management LLC acquired a new stake in shares of Duke Energy during the second quarter valued at about $244,731,000. Great Lakes Advisors LLC acquired a new stake in shares of Duke Energy during the second quarter valued at about $100,586,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Duke Energy during the second quarter valued at about $88,657,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Trading Up 0.1%

DUK opened at $127.91 on Monday. Duke Energy Corporation has a 12-month low of $112.40 and a 12-month high of $134.49. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.68 and a quick ratio of 0.44. The stock has a market capitalization of $99.73 billion, a PE ratio of 18.70, a P/E/G ratio of 2.98 and a beta of 0.33. The firm’s fifty day moving average price is $119.84 and its 200 day moving average price is $124.51.

Duke Energy (NYSE:DUK – Get Free Report) last announced its quarterly earnings data on Thursday, November 5th. The utilities provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.13. The company had revenue of $9.10 billion during the quarter, compared to analyst estimates of $8.91 billion. Duke Energy had a net margin of 15.94% and a return on equity of 9.82%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $1.81 EPS. As a group, research analysts expect that Duke Energy Corporation will post 6.72 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given a dividend of $1.0850 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $4.34 annualized dividend and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is presently 63.45%.

Key Stories Impacting Duke Energy

Here are the key news stories impacting Duke Energy this week:

Insider Activity at Duke Energy

In related news, EVP Bonnie Titone sold 2,900 shares of Duke Energy stock in a transaction dated Friday, October 30th. The stock was sold at an average price of $128.00, for a total value of $371,200.00. Following the completion of the transaction, the executive vice president directly owned 26,111 shares in the company, valued at approximately $3,342,208. This trade represents a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DUK shares. BMO Capital Markets dropped their target price on Duke Energy from $134.00 to $132.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 5th. Wall Street Zen downgraded Duke Energy from a “hold” rating to a “sell” rating in a report on Saturday. Scotiabank reduced their price target on Duke Energy from $146.00 to $131.00 in a report on Wednesday, September 30th. Morgan Stanley raised their price objective on Duke Energy from $127.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 21st. Finally, KeyCorp dropped their price objective on Duke Energy from $139.00 to $128.00 and set an “overweight” rating on the stock in a report on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $132.19.

Read Our Latest Stock Report on Duke Energy

Duke Energy Profile

(Free Report)

Duke Energy is a U.S. energy company focused primarily on regulated electric utilities and natural gas distribution. Its businesses generate, transmit and distribute electricity, and provide natural gas service to residential, commercial and industrial customers.

The company serves electric customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. Its natural gas distribution operations serve customers in several states, including North Carolina, South Carolina, Ohio, Kentucky and Tennessee.

Duke Energy’s power generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable resources.

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Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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