Duke Energy Corporation $DUK Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its position in Duke Energy Corporation (NYSE:DUK – Free Report) by 31.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,713 shares of the utilities provider’s stock after purchasing an additional 8,019 shares during the period. TD Waterhouse Canada Inc.’s holdings in Duke Energy were worth $3,844,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. ARS Wealth Advisors Group LLC boosted its holdings in Duke Energy by 0.8% in the third quarter. ARS Wealth Advisors Group LLC now owns 148,337 shares of the utilities provider’s stock valued at $16,912,000 after purchasing an additional 1,210 shares during the last quarter. Cyndeo Wealth Partners LLC raised its holdings in Duke Energy by 1.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 88,245 shares of the utilities provider’s stock worth $10,061,000 after purchasing an additional 1,545 shares during the period. Pension & Wealth Management Advisors Inc. raised its holdings in Duke Energy by 1,206.6% in the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 2,391 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 2,208 shares during the period. Annex Advisory Services LLC increased its position in shares of Duke Energy by 21.4% in the third quarter. Annex Advisory Services LLC now owns 2,010 shares of the utilities provider’s stock valued at $229,000 after buying an additional 354 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its position in shares of Duke Energy by 2.3% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 108,444 shares of the utilities provider’s stock valued at $12,364,000 after buying an additional 2,467 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DUK shares. Mizuho set a $136.00 target price on Duke Energy in a research report on Wednesday, August 5th. BMO Capital Markets dropped their price target on shares of Duke Energy from $134.00 to $132.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 5th. Jefferies Financial Group reissued a “hold” rating and issued a $121.00 price target on shares of Duke Energy in a report on Monday, October 12th. Morgan Stanley reduced their price objective on shares of Duke Energy from $133.00 to $127.00 and set an “equal weight” rating for the company in a research report on Friday, September 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Duke Energy from $137.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $132.73.

View Our Latest Analysis on Duke Energy

Duke Energy Price Performance

NYSE:DUK opened at $121.33 on Wednesday. The stock has a 50 day moving average of $118.87 and a two-hundred day moving average of $123.58. Duke Energy Corporation has a 12 month low of $112.40 and a 12 month high of $134.49. The firm has a market cap of $94.60 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.78 and a beta of 0.36. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47.

Duke Energy (NYSE:DUK – Get Free Report) last released its earnings results on Monday, August 3rd. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.13. The business had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $7.66 billion. Duke Energy had a return on equity of 9.78% and a net margin of 15.78%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 earnings per share. On average, analysts expect that Duke Energy Corporation will post 6.72 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Friday, November 13th will be issued a $1.0850 dividend. The ex-dividend date is Friday, November 13th. This represents a $4.34 dividend on an annualized basis and a yield of 3.6%. Duke Energy’s dividend payout ratio (DPR) is presently 65.17%.

About Duke Energy

(Free Report)

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.

Recommended Stories

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

Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.