Duke Energy Corporation $DUK Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its stake in Duke Energy Corporation (NYSE:DUK) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,681,628 shares of the utilities provider’s stock after purchasing an additional 430,458 shares during the quarter. Mackenzie Financial Corp owned approximately 0.34% of Duke Energy worth $316,432,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. WealthShield Partners LLC increased its stake in Duke Energy by 0.3% during the 2nd quarter. WealthShield Partners LLC now owns 25,453 shares of the utilities provider’s stock worth $3,003,000 after buying an additional 80 shares in the last quarter. Private Wealth Asset Management LLC boosted its stake in shares of Duke Energy by 6.4% in the second quarter. Private Wealth Asset Management LLC now owns 1,408 shares of the utilities provider’s stock worth $166,000 after acquiring an additional 85 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its position in shares of Duke Energy by 1.8% during the first quarter. Roberts Glore & Co. Inc. IL now owns 4,930 shares of the utilities provider’s stock worth $601,000 after purchasing an additional 86 shares in the last quarter. Sentry LLC increased its position in shares of Duke Energy by 4.9% during the second quarter. Sentry LLC now owns 1,831 shares of the utilities provider’s stock worth $216,000 after purchasing an additional 86 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its stake in Duke Energy by 3.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,991 shares of the utilities provider’s stock valued at $353,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Activity at Duke Energy

In other news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $123.80, for a total value of $1,015,160.00. Following the transaction, the executive vice president directly owned 11,367 shares in the company, valued at approximately $1,407,234.60. This represents a 41.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research reports. Morgan Stanley reaffirmed an “underperform” rating on shares of Duke Energy in a report on Thursday, November 20th. The Goldman Sachs Group boosted their price target on shares of Duke Energy from $138.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Wells Fargo & Company upgraded shares of Duke Energy to a “hold” rating in a report on Tuesday, October 28th. BMO Capital Markets decreased their target price on shares of Duke Energy from $138.00 to $136.00 in a research note on Monday, November 10th. Finally, Evercore ISI assumed coverage on Duke Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $143.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.44.

Duke Energy Stock Up 0.3%

DUK stock opened at $123.77 on Friday. Duke Energy Corporation has a one year low of $105.20 and a one year high of $130.03. The firm has a market cap of $96.25 billion, a PE ratio of 20.12, a PEG ratio of 3.05 and a beta of 0.45. The firm’s 50 day moving average price is $124.57 and its 200-day moving average price is $121.08. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66.

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

Duke Energy Announces Dividend

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

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.