Crew Capital Management Ltd. Invests $213,000 in Duke Energy Co. (NYSE:DUK)

Crew Capital Management Ltd. acquired a new position in Duke Energy Co. (NYSE:DUK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,845 shares of the utilities provider’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp boosted its position in shares of Duke Energy by 65.7% during the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares during the last quarter. Wulff Hansen & CO. boosted its position in shares of Duke Energy by 9,923.0% during the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after acquiring an additional 761,590 shares during the last quarter. BROOKFIELD Corp ON bought a new position in shares of Duke Energy during the first quarter worth $36,278,000. Capital Research Global Investors boosted its position in shares of Duke Energy by 3.2% during the first quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock worth $1,111,521,000 after acquiring an additional 352,320 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Duke Energy by 0.5% during the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock worth $6,835,047,000 after acquiring an additional 324,289 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Trading Down 0.9 %

Shares of Duke Energy stock traded down $1.04 during trading on Monday, hitting $119.72. The stock had a trading volume of 642,934 shares, compared to its average volume of 3,043,414. The firm’s fifty day simple moving average is $115.00 and its 200-day simple moving average is $106.82. The stock has a market cap of $92.40 billion, a PE ratio of 30.26, a PEG ratio of 3.06 and a beta of 0.46. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53. Duke Energy Co. has a 12 month low of $85.79 and a 12 month high of $121.25.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, topping the consensus estimate of $1.02 by $0.16. The company had revenue of $7.17 billion for the quarter, compared to the consensus estimate of $6.84 billion. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 EPS. As a group, sell-side analysts expect that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is presently 105.03%.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $113.64, for a total transaction of $61,365.60. Following the transaction, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DUK has been the subject of several research reports. Bank of America increased their price objective on shares of Duke Energy from $116.00 to $118.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. KeyCorp increased their price objective on shares of Duke Energy from $121.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, September 30th. The Goldman Sachs Group increased their price objective on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Scotiabank increased their price objective on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Finally, Barclays increased their price objective on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $121.85.

Duke Energy Profile

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.