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

Dynamic Technology Lab Private Ltd increased its position in Duke Energy Co. (NYSE:DUK) by 1,258.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 49,341 shares of the utilities provider’s stock after acquiring an additional 45,708 shares during the period. Duke Energy makes up about 0.6% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 4th largest position. 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 hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC raised its holdings in shares of Duke Energy by 11,471.4% in the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after buying an additional 40,243 shares in the last quarter. Swiss National Bank lifted its position in shares of Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock valued at $264,111,000 after acquiring an additional 6,500 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Duke Energy by 65.7% during the 2nd 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 in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Duke Energy by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,816,758 shares of the utilities provider’s stock worth $182,101,000 after acquiring an additional 240,136 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

Shares of DUK stock opened at $114.70 on Monday. The firm has a market cap of $88.60 billion, a P/E ratio of 21.08, a PEG ratio of 3.02 and a beta of 0.47. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a fifty-two week low of $89.92 and a fifty-two week high of $121.25. The stock’s 50-day moving average is $115.14 and its two-hundred day moving average is $109.80.

Duke Energy (NYSE:DUK) last issued 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 the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. Duke Energy’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 EPS. Analysts predict that Duke Energy Co. will post 5.97 earnings per share 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. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.64%. Duke Energy’s dividend payout ratio is currently 76.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and increased their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Wells Fargo & Company raised their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Morgan Stanley cut their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a report on Friday. 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 research report on Monday, August 12th. Finally, JPMorgan Chase & Co. raised their target price on Duke Energy from $111.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $121.69.

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.