Duke Energy Co. (NYSE:DUK) Shares Bought by Kepos Capital LP

Kepos Capital LP raised its position in Duke Energy Co. (NYSE:DUKFree Report) by 43.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,229 shares of the utilities provider’s stock after acquiring an additional 978 shares during the quarter. Kepos Capital LP’s holdings in Duke Energy were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DUK. Fairfield Bush & CO. purchased a new position in shares of Duke Energy in the first quarter valued at approximately $40,000. Cibc World Market Inc. increased its holdings in shares of Duke Energy by 1.2% in the first quarter. Cibc World Market Inc. now owns 47,250 shares of the utilities provider’s stock valued at $5,276,000 after purchasing an additional 581 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Duke Energy by 29.5% in the first quarter. Sequoia Financial Advisors LLC now owns 9,751 shares of the utilities provider’s stock valued at $1,089,000 after purchasing an additional 2,223 shares during the last quarter. Covestor Ltd increased its holdings in shares of Duke Energy by 447.8% in the first quarter. Covestor Ltd now owns 1,260 shares of the utilities provider’s stock valued at $141,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Duke Energy by 5.2% in the first quarter. Mather Group LLC. now owns 6,505 shares of the utilities provider’s stock valued at $726,000 after purchasing an additional 322 shares during the last quarter. Hedge funds and other institutional investors own 63.68% of the company’s stock.

Duke Energy Stock Performance

DUK stock traded up $1.56 during trading on Monday, hitting $92.42. The company had a trading volume of 3,723,992 shares, compared to its average volume of 3,170,719. The firm has a market cap of $71.24 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 2.89 and a beta of 0.46. Duke Energy Co. has a 1-year low of $83.06 and a 1-year high of $100.39. The firm has a 50-day moving average price of $95.14 and a 200-day moving average price of $92.27. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 1.50.

Duke Energy (NYSE:DUKGet Free Report) last released its earnings results on Thursday, February 8th. The utilities provider reported $1.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.02). Duke Energy had a return on equity of 8.93% and a net margin of 9.78%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.24 billion. During the same quarter in the previous year, the firm posted $1.11 EPS. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, analysts expect that Duke Energy Co. will post 5.98 earnings per share for the current year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 18th. Stockholders of record on Friday, February 16th will be paid a dividend of $1.025 per share. This represents a $4.10 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is 115.49%.

Wall Street Analyst Weigh In

Several research firms recently commented on DUK. JPMorgan Chase & Co. increased their price target on Duke Energy from $98.00 to $101.00 and gave the company a “neutral” rating in a report on Wednesday, November 29th. Wells Fargo & Company cut their price target on Duke Energy from $103.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Evercore ISI raised Duke Energy from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $90.00 to $108.00 in a research note on Tuesday, January 23rd. Morgan Stanley raised their target price on Duke Energy from $93.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 21st. Finally, BMO Capital Markets cut their target price on Duke Energy from $101.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, February 12th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $100.00.

Check Out Our Latest Stock Report on Duke Energy

Insider Transactions at Duke Energy

In other news, EVP Louis E. Renjel sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $92.57, for a total transaction of $277,710.00. Following the sale, the executive vice president now owns 14,213 shares of the company’s stock, valued at approximately $1,315,697.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Duke Energy Company Profile

(Free Report)

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; and uses coal, hydroelectric, natural gas, oil, solar and wind sources, renewables, and nuclear fuel to generate electricity.

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

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