Duke Energy Corporation $DUK is Greenland Capital Management LP’s 3rd Largest Position

Greenland Capital Management LP lifted its stake in shares of Duke Energy Corporation (NYSE:DUK) by 82.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 171,574 shares of the utilities provider’s stock after purchasing an additional 77,314 shares during the quarter. Duke Energy comprises 2.1% of Greenland Capital Management LP’s investment portfolio, making the stock its 3rd biggest position. Greenland Capital Management LP’s holdings in Duke Energy were worth $20,246,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DUK. WealthShield Partners LLC grew its holdings in shares of Duke Energy by 0.3% in the second quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock valued at $3,003,000 after purchasing an additional 80 shares during the period. Private Wealth Asset Management LLC lifted its stake in shares of Duke Energy by 6.4% in the 2nd quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 85 shares during the last quarter. Orca Wealth Management LLC grew its holdings in shares of Duke Energy by 0.7% during the 1st quarter. Orca Wealth Management LLC now owns 12,620 shares of the utilities provider’s stock worth $1,539,000 after purchasing an additional 86 shares during the period. Roberts Glore & Co. Inc. IL raised its holdings in Duke Energy by 1.8% in the 1st quarter. Roberts Glore & Co. Inc. IL now owns 4,930 shares of the utilities provider’s stock valued at $601,000 after buying an additional 86 shares during the period. Finally, Sentry LLC lifted its position in Duke Energy by 4.9% in the second quarter. Sentry LLC now owns 1,831 shares of the utilities provider’s stock valued at $216,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DUK. TD Cowen assumed coverage on shares of Duke Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $143.00 price target for the company. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $131.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Barclays boosted their target price on Duke Energy from $131.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. BTIG Research upgraded Duke Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Evercore ISI started coverage on shares of Duke Energy in a research note on Monday, October 6th. They issued an “outperform” rating and a $143.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.63.

Duke Energy Stock Down 1.0%

Shares of Duke Energy stock opened at $123.88 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.66 and a debt-to-equity ratio of 1.55. Duke Energy Corporation has a 52-week low of $105.20 and a 52-week high of $130.03. The company has a market capitalization of $96.33 billion, a P/E ratio of 20.14, a P/E/G ratio of 3.05 and a beta of 0.45. The company has a 50 day moving average of $124.33 and a 200 day moving average of $120.95.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. The business had revenue of $8.54 billion for the quarter, compared to analyst estimates of $8.51 billion. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $1.62 EPS. As a group, research analysts forecast that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a dividend of $1.065 per share. The ex-dividend date is Friday, November 14th. This represents a $4.26 annualized dividend and a yield of 3.4%. Duke Energy’s payout ratio is presently 66.98%.

About Duke Energy

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.