Duke Energy Corporation $DUK Stock Holdings Lifted by Greenland Capital Management LP

Greenland Capital Management LP lifted its holdings in Duke Energy Corporation (NYSE:DUK) by 82.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 171,574 shares of the utilities provider’s stock after purchasing an additional 77,314 shares during the period. Duke Energy comprises 2.1% of Greenland Capital Management LP’s holdings, making the stock its 3rd biggest position. Greenland Capital Management LP’s holdings in Duke Energy were worth $20,246,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. GQG Partners LLC boosted its position in Duke Energy by 17,880.0% during the 1st quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after acquiring an additional 10,192,503 shares in the last quarter. Nuveen LLC acquired a new stake in Duke Energy in the first quarter valued at approximately $702,351,000. Raymond James Financial Inc. grew its position in Duke Energy by 88.1% during the 1st quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock worth $592,934,000 after purchasing an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. increased its stake in Duke Energy by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock valued at $9,094,327,000 after purchasing an additional 1,676,061 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Duke Energy by 359.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock worth $138,145,000 after buying an additional 885,900 shares during the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Down 1.0%

Shares of DUK stock opened at $123.88 on Wednesday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The stock has a market cap of $96.33 billion, a P/E ratio of 20.14, a P/E/G ratio of 3.05 and a beta of 0.45. The stock has a 50 day moving average of $124.33 and a 200 day moving average of $120.95. The company has a current ratio of 0.66, a quick ratio of 0.42 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last posted its earnings results on Thursday, November 6th. The utilities provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.06. Duke Energy had a net margin of 15.51% and a return on equity of 9.85%. The firm had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.51 billion. During the same period in the previous year, the firm earned $1.62 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts expect that Duke Energy Corporation will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be given a $1.065 dividend. This represents a $4.26 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, November 14th. Duke Energy’s dividend payout ratio (DPR) is 66.98%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Evercore ISI assumed coverage on Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Duke Energy in a report on Thursday, November 13th. Jefferies Financial Group lifted their target price on Duke Energy from $134.00 to $138.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. UBS Group increased their price target on shares of Duke Energy from $131.00 to $137.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Finally, Mizuho increased their price target on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $138.63.

Duke Energy Company 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.