DRW Securities LLC Has $12.09 Million Holdings in Duke Energy Co. (NYSE:DUK)

DRW Securities LLC lifted its position in shares of Duke Energy Co. (NYSE:DUK) by 2,604.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,870 shares of the utilities provider’s stock after acquiring an additional 100,993 shares during the quarter. Duke Energy makes up approximately 0.3% of DRW Securities LLC’s portfolio, making the stock its 22nd biggest position. DRW Securities LLC’s holdings in Duke Energy were worth $12,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Duke Energy by 9.4% during the first quarter. Janus Henderson Group PLC now owns 108,819 shares of the utilities provider’s stock worth $10,520,000 after purchasing an additional 9,334 shares during the period. Goodman Advisory Group LLC acquired a new position in Duke Energy during the 2nd quarter worth about $2,888,000. PrairieView Partners LLC acquired a new stake in shares of Duke Energy in the second quarter valued at about $501,000. Commerce Bank raised its position in shares of Duke Energy by 5.9% during the third quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock worth $31,041,000 after acquiring an additional 15,069 shares during the last quarter. Finally, Marshall Financial Group LLC lifted its stake in shares of Duke Energy by 158.9% in the third quarter. Marshall Financial Group LLC now owns 8,483 shares of the utilities provider’s stock worth $978,000 after acquiring an additional 5,206 shares during the period. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of several analyst reports. Jefferies Financial Group began coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target for the company. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their price target on shares of Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Bank of America lifted their price objective on Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Finally, Wells Fargo & Company upped their target price on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Trading Down 0.1 %

NYSE DUK opened at $114.70 on Monday. Duke Energy Co. has a 52 week low of $89.92 and a 52 week high of $121.25. The business has a 50 day moving average price of $115.14 and a 200-day moving average price of $109.80. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The company has a market cap of $88.60 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 3.02 and a beta of 0.47.

Duke Energy (NYSE:DUK) last released its quarterly earnings data 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 analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, equities analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. The ex-dividend date is Friday, November 15th. Duke Energy’s dividend payout ratio (DPR) is presently 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.