Metis Global Partners LLC Has $8.27 Million Stock Holdings in Duke Energy Corporation $DUK

Metis Global Partners LLC lifted its holdings in shares of Duke Energy Corporation (NYSE:DUK) by 7.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 70,112 shares of the utilities provider’s stock after buying an additional 4,692 shares during the period. Metis Global Partners LLC’s holdings in Duke Energy were worth $8,273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Duke Energy by 2.3% in the first quarter. Vanguard Group Inc. now owns 74,562,000 shares of the utilities provider’s stock worth $9,094,327,000 after buying an additional 1,676,061 shares during the last quarter. GQG Partners LLC grew its position in shares of Duke Energy by 17,880.0% in the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock valued at $1,250,133,000 after purchasing an additional 10,192,503 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Duke Energy by 4.9% in the first quarter. Royal Bank of Canada now owns 8,921,517 shares of the utilities provider’s stock worth $1,088,158,000 after purchasing an additional 418,014 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Duke Energy by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,656,244 shares of the utilities provider’s stock worth $1,055,087,000 after purchasing an additional 93,699 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Duke Energy by 1.9% during the 1st quarter. Northern Trust Corp now owns 8,153,615 shares of the utilities provider’s stock worth $994,496,000 after purchasing an additional 152,542 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Duke Energy in a report on Wednesday, October 8th. Mizuho boosted their target price on shares of Duke Energy from $132.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. BMO Capital Markets upped their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. UBS Group boosted their price objective 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, Evercore ISI initiated coverage on shares of Duke Energy in a research report on Monday, October 6th. They set an “outperform” rating and a $143.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Duke Energy Price Performance

Shares of Duke Energy stock opened at $123.64 on Friday. Duke Energy Corporation has a twelve month low of $105.20 and a twelve month high of $130.03. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.42 and a current ratio of 0.66. The firm has a market cap of $96.15 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 3.05 and a beta of 0.45. The firm’s 50-day simple moving average is $123.97 and its 200-day simple moving average is $120.84.

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

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.4%. Duke Energy’s dividend payout ratio (DPR) is presently 69.27%.

Insider Buying and Selling at Duke Energy

In other news, SVP Bonnie B. Titone sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $124.38, for a total value of $248,760.00. Following the sale, the senior vice president owned 19,608 shares in the company, valued at approximately $2,438,843.04. The trade was a 9.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Preston Jr. Gillespie sold 6,700 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $124.26, for a total transaction of $832,542.00. Following the sale, the executive vice president owned 46,422 shares of the company’s stock, valued at $5,768,397.72. This trade represents a 12.61% decrease in their position. The SEC filing for this sale provides additional information. 0.14% of the stock is currently owned by insiders.

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.