Pathstone Holdings LLC Buys 8,308 Shares of Duke Energy Co. (NYSE:DUK)

Pathstone Holdings LLC increased its stake in Duke Energy Co. (NYSE:DUK) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,008 shares of the utilities provider’s stock after purchasing an additional 8,308 shares during the quarter. Pathstone Holdings LLC’s holdings in Duke Energy were worth $10,724,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Pathway Financial Advisers LLC raised its holdings in Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares during the period. International Assets Investment Management LLC raised its holdings in Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares during the period. Mackenzie Financial Corp raised its holdings in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the period. Wulff Hansen & CO. raised its holdings in Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after acquiring an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON bought a new stake in Duke Energy during the 1st quarter valued at $36,278,000. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DUK. The Goldman Sachs Group boosted their target price on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Barclays upped their price target on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Wells Fargo & Company upped their price target on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Finally, Jefferies Financial Group started coverage on shares of Duke Energy in a report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Duke Energy has a consensus rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Stock Performance

NYSE DUK opened at $113.78 on Thursday. The company has a 50-day simple moving average of $115.21 and a two-hundred day simple moving average of $109.56. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 12-month low of $88.73 and a 12-month high of $121.25. The firm has a market cap of $87.89 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.96 and a beta of 0.47.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business had revenue of $8.16 billion for the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the previous year, the company earned $1.94 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. On average, equities analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Dividend Announcement

The company 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 dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.67%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

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.