Dynamic Technology Lab Private Ltd Buys 45,708 Shares of Duke Energy Co. (NYSE:DUK)

Dynamic Technology Lab Private Ltd lifted its stake in shares of Duke Energy Co. (NYSE:DUK) by 1,258.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,341 shares of the utilities provider’s stock after buying an additional 45,708 shares during the quarter. Duke Energy accounts for approximately 0.6% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 4th largest holding. Dynamic Technology Lab Private Ltd’s holdings in Duke Energy were worth $5,689,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DUK. Pathway Financial Advisers LLC grew its stake in shares of Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock valued at $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after purchasing an additional 1,117,526 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after purchasing an additional 813,744 shares in the last quarter. Wulff Hansen & CO. boosted its stake in shares of Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock valued at $77,103,000 after buying an additional 761,590 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Duke Energy by 187.8% during the first quarter. Cetera Investment Advisers now owns 456,821 shares of the utilities provider’s stock worth $44,179,000 after buying an additional 298,117 shares in the last quarter. Hedge funds and other institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DUK. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $135.00 price objective on shares of Duke Energy in a report on Thursday, August 29th. Barclays increased their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. BMO Capital Markets boosted their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Finally, The Goldman Sachs Group lifted their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 12th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Price Performance

NYSE DUK opened at $114.70 on Monday. The company has a 50-day moving average price of $115.14 and a two-hundred day moving average price of $109.80. The stock has a market cap of $88.60 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 3.02 and a beta of 0.47. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 52 week low of $89.92 and a 52 week high of $121.25.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.94 EPS. Analysts forecast that Duke Energy Co. will post 5.97 EPS for the current year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a yield of 3.64%. Duke Energy’s payout ratio is 76.84%.

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.