Duke Energy Co. (NYSE:DUK) Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Duke Energy Co. (NYSE:DUK) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,182 shares of the utilities provider’s stock after purchasing an additional 1,441 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Duke Energy were worth $11,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in shares of Duke Energy in the 1st quarter valued at $25,000. Fortitude Family Office LLC lifted its stake in shares of Duke Energy by 69.6% in the 2nd quarter. Fortitude Family Office LLC now owns 290 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 119 shares during the period. Riverview Trust Co acquired a new position in shares of Duke Energy in the 1st quarter valued at $30,000. Olistico Wealth LLC acquired a new position in shares of Duke Energy in the 2nd quarter valued at $30,000. Finally, Cedar Wealth Management LLC raised its position in Duke Energy by 101.2% during the first quarter. Cedar Wealth Management LLC now owns 336 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 169 shares during the period. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Evercore ISI upped their price objective on shares of Duke Energy from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 target price for the company. BMO Capital Markets increased their target price on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. KeyCorp increased their target price on shares of Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and a consensus price target of $121.85.

Insider Activity

In other news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $113.64, for a total value of $61,365.60. Following the completion of the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Duke Energy Trading Up 0.1 %

Shares of DUK stock opened at $120.76 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. The firm has a market cap of $93.20 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 3.06 and a beta of 0.46. The company has a 50-day moving average of $115.00 and a two-hundred day moving average of $106.67. Duke Energy Co. has a 1-year low of $85.79 and a 1-year high of $120.85.

Duke Energy (NYSE:DUK) last announced its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The company had revenue of $7.17 billion during the quarter, compared to analyst estimates of $6.84 billion. During the same quarter last year, the firm posted $0.91 earnings per share. Duke Energy’s revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 105.03%.

Duke Energy 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.