Capital International Investors held its position in Duke Energy Corporation (NYSE:DUK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,188,366 shares of the utilities provider’s stock at the end of the second quarter. Capital International Investors owned about 0.31% of Duke Energy Corporation worth $182,926,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Duke Energy Corporation by 3.2% in the second quarter. Vanguard Group Inc. now owns 50,043,241 shares of the utilities provider’s stock valued at $4,183,115,000 after acquiring an additional 1,572,216 shares during the last quarter. BlackRock Inc. grew its position in Duke Energy Corporation by 1.2% in the second quarter. BlackRock Inc. now owns 43,215,514 shares of the utilities provider’s stock valued at $3,612,384,000 after acquiring an additional 506,596 shares during the last quarter. State Street Corp grew its position in Duke Energy Corporation by 1.3% in the first quarter. State Street Corp now owns 33,919,431 shares of the utilities provider’s stock valued at $2,781,737,000 after acquiring an additional 451,100 shares during the last quarter. Federated Investors Inc. PA grew its position in Duke Energy Corporation by 1.5% in the second quarter. Federated Investors Inc. PA now owns 9,473,847 shares of the utilities provider’s stock valued at $791,919,000 after acquiring an additional 141,551 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Duke Energy Corporation by 33.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 9,422,063 shares of the utilities provider’s stock valued at $772,704,000 after acquiring an additional 2,345,114 shares during the last quarter. Hedge funds and other institutional investors own 56.29% of the company’s stock.
A number of analysts have recently commented on the company. BMO Capital Markets reissued a “hold” rating and set a $87.00 price target (up from $85.00) on shares of Duke Energy Corporation in a research note on Friday, August 4th. Morgan Stanley lifted their price target on Duke Energy Corporation from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Citigroup Inc. lifted their price target on Duke Energy Corporation from $74.00 to $77.00 and gave the company a “sell” rating in a research note on Tuesday, October 17th. Deutsche Bank AG reissued a “hold” rating and set a $84.00 price target (up from $83.00) on shares of Duke Energy Corporation in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised Duke Energy Corporation from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research note on Thursday, August 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $86.90.
Duke Energy Corporation (DUK) opened at $89.88 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $62,220.83, a P/E ratio of 19.98, a P/E/G ratio of 4.86 and a beta of 0.26. Duke Energy Corporation has a 12 month low of $72.34 and a 12 month high of $90.22.
Duke Energy Corporation (NYSE:DUK) last posted its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 EPS for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.03. The company had revenue of $6.48 billion for the quarter, compared to analyst estimates of $7.43 billion. Duke Energy Corporation had a return on equity of 7.54% and a net margin of 9.09%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. analysts predict that Duke Energy Corporation will post 4.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Investors of record on Friday, November 17th will be paid a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Thursday, November 16th. Duke Energy Corporation’s dividend payout ratio is currently 117.49%.
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Duke Energy Corporation Profile
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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