Duke Energy Corporation $DUK Stock Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its holdings in Duke Energy Corporation (NYSE:DUK) by 31.2% in the third quarter, Holdings Channel reports. The fund owned 33,713 shares of the utilities provider’s stock after buying an additional 8,019 shares during the period. TD Waterhouse Canada Inc.’s holdings in Duke Energy were worth $3,844,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. ARS Wealth Advisors Group LLC boosted its holdings in shares of Duke Energy by 0.8% during the 3rd quarter. ARS Wealth Advisors Group LLC now owns 148,337 shares of the utilities provider’s stock worth $16,912,000 after purchasing an additional 1,210 shares during the last quarter. Cyndeo Wealth Partners LLC increased its holdings in shares of Duke Energy by 1.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 88,245 shares of the utilities provider’s stock valued at $10,061,000 after purchasing an additional 1,545 shares during the last quarter. Pension & Wealth Management Advisors Inc. increased its holdings in shares of Duke Energy by 1,206.6% in the third quarter. Pension & Wealth Management Advisors Inc. now owns 2,391 shares of the utilities provider’s stock valued at $273,000 after purchasing an additional 2,208 shares during the last quarter. Annex Advisory Services LLC lifted its position in Duke Energy by 21.4% during the third quarter. Annex Advisory Services LLC now owns 2,010 shares of the utilities provider’s stock worth $229,000 after buying an additional 354 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its position in Duke Energy by 2.3% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 108,444 shares of the utilities provider’s stock worth $12,364,000 after buying an additional 2,467 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Up 1.7%

Shares of DUK opened at $121.33 on Wednesday. The firm has a market cap of $94.60 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 2.78 and a beta of 0.36. Duke Energy Corporation has a 12-month low of $112.40 and a 12-month high of $134.49. The company’s 50-day moving average price is $118.87 and its 200 day moving average price is $123.58. The company has a current ratio of 0.66, a quick ratio of 0.43 and a debt-to-equity ratio of 1.47.

Duke Energy (NYSE:DUK) last posted its earnings results on Monday, August 3rd. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.13. The company had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $7.66 billion. Duke Energy had a net margin of 15.78% and a return on equity of 9.78%. Duke Energy’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, sell-side analysts forecast that Duke Energy Corporation will post 6.72 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be paid a $1.0850 dividend. This represents a $4.34 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 13th. Duke Energy’s payout ratio is 65.17%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DUK. Mizuho set a $136.00 price objective on Duke Energy in a research note on Wednesday, August 5th. Truist Financial cut their target price on Duke Energy from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Monday, October 12th. BTIG Research reaffirmed a “buy” rating on shares of Duke Energy in a research note on Thursday, July 23rd. JPMorgan Chase & Co. reduced their price target on Duke Energy from $137.00 to $130.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Finally, Wall Street Zen raised shares of Duke Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Nine equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and an average price target of $132.73.

About Duke Energy

Duke Energy Corporation is an energy holding company that provides regulated electric and natural gas utility services in the United States. Its electric utilities generate, transmit, distribute and sell electricity to residential, commercial, industrial and other customers. The company’s generation portfolio includes nuclear, natural gas, coal, hydroelectric and renewable energy resources.

Duke Energy serves customers primarily in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.