Utah Retirement Systems increased its position in Duke Energy Corp (NYSE:DUK) by 2.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 132,583 shares of the utilities provider’s stock after purchasing an additional 2,600 shares during the period. Utah Retirement Systems’ holdings in Duke Energy were worth $10,610,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. First Republic Investment Management Inc. lifted its holdings in shares of Duke Energy by 9.9% during the third quarter. First Republic Investment Management Inc. now owns 394,926 shares of the utilities provider’s stock valued at $31,602,000 after purchasing an additional 35,727 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in shares of Duke Energy by 23.5% during the third quarter. Wedbush Securities Inc. now owns 14,718 shares of the utilities provider’s stock valued at $1,178,000 after purchasing an additional 2,799 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Duke Energy by 48.7% during the third quarter. Renaissance Technologies LLC now owns 6,051,129 shares of the utilities provider’s stock valued at $484,211,000 after purchasing an additional 1,980,562 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Duke Energy by 130.8% during the third quarter. OppenheimerFunds Inc. now owns 3,432,454 shares of the utilities provider’s stock valued at $274,665,000 after purchasing an additional 1,945,200 shares in the last quarter. Finally, People s United Financial Inc. lifted its holdings in shares of Duke Energy by 5.3% during the third quarter. People s United Financial Inc. now owns 15,425 shares of the utilities provider’s stock valued at $1,234,000 after purchasing an additional 770 shares in the last quarter. 59.65% of the stock is currently owned by institutional investors.

NYSE DUK opened at $89.84 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.46 and a current ratio of 0.68. Duke Energy Corp has a 52 week low of $71.96 and a 52 week high of $90.70. The stock has a market capitalization of $64.19 billion, a PE ratio of 19.66, a P/E/G ratio of 3.78 and a beta of -0.03.

Duke Energy (NYSE:DUK) last posted its quarterly earnings data on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, topping the consensus estimate of $1.53 by $0.12. Duke Energy had a return on equity of 8.02% and a net margin of 11.98%. The firm had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.59 billion. During the same quarter last year, the company earned $1.59 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Duke Energy Corp will post 4.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 16th will be paid a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Thursday, November 15th. Duke Energy’s dividend payout ratio (DPR) is currently 81.18%.

A number of research analysts have recently issued reports on the company. ValuEngine raised Duke Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Barclays upped their price target on Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a report on Monday, November 19th. Wells Fargo & Co lowered their price target on Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a report on Monday, November 5th. Zacks Investment Research downgraded Duke Energy from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Finally, Guggenheim reaffirmed a “buy” rating and set a $86.00 price target on shares of Duke Energy in a report on Friday, August 17th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Duke Energy presently has an average rating of “Hold” and a consensus price target of $84.13.

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About Duke Energy

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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

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