Ontario Teachers Pension Plan Board Increases Position in Duke Energy Corp (DUK)

Ontario Teachers Pension Plan Board increased its holdings in shares of Duke Energy Corp (NYSE:DUK) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,125 shares of the utilities provider’s stock after purchasing an additional 8,382 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Duke Energy were worth $3,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Boothe Investment Group Inc. purchased a new position in Duke Energy in the 2nd quarter valued at about $420,000. Cornerstone Capital Inc. boosted its position in Duke Energy by 6.2% in the 2nd quarter. Cornerstone Capital Inc. now owns 58,289 shares of the utilities provider’s stock valued at $4,609,000 after buying an additional 3,395 shares during the last quarter. Millennium Management LLC boosted its position in Duke Energy by 23.2% in the 2nd quarter. Millennium Management LLC now owns 1,740,617 shares of the utilities provider’s stock valued at $137,648,000 after buying an additional 328,285 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Duke Energy by 69.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 214,894 shares of the utilities provider’s stock valued at $16,994,000 after buying an additional 87,950 shares during the last quarter. Finally, ProVise Management Group LLC boosted its position in Duke Energy by 1,333.8% in the 2nd quarter. ProVise Management Group LLC now owns 37,050 shares of the utilities provider’s stock valued at $2,930,000 after buying an additional 34,466 shares during the last quarter. 58.96% of the stock is owned by hedge funds and other institutional investors.

Shares of DUK stock opened at $86.75 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.46 and a debt-to-equity ratio of 1.17. Duke Energy Corp has a one year low of $71.96 and a one year high of $89.72. The stock has a market cap of $61.84 billion, a PE ratio of 18.98, a P/E/G ratio of 3.64 and a beta of -0.06.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results 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 net margin of 11.98% and a return on equity of 8.02%. The business had revenue of $6.63 billion for the quarter, compared to analysts’ expectations of $6.59 billion. During the same quarter last year, the company posted $1.59 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that Duke Energy Corp will post 4.74 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be paid a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $3.71 annualized dividend and a yield of 4.28%. Duke Energy’s dividend payout ratio (DPR) is 81.18%.

A number of research firms have weighed in on DUK. Morgan Stanley upped their price objective on shares of Duke Energy from $86.00 to $91.00 and gave the company a “hold” rating in a research report on Tuesday, September 11th. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Barclays upped their price objective on shares of Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Guggenheim reissued a “buy” rating and issued a $86.00 price objective on shares of Duke Energy in a research report on Friday, August 17th. Finally, Zacks Investment Research cut shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Duke Energy presently has a consensus rating of “Hold” and an average 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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