Investment Management Corp of Ontario Has $2.95 Million Stake in Duke Energy Co. (NYSE:DUK)

Investment Management Corp of Ontario raised its stake in shares of Duke Energy Co. (NYSE:DUK) by 48.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,576 shares of the utilities provider’s stock after acquiring an additional 8,400 shares during the quarter. Investment Management Corp of Ontario’s holdings in Duke Energy were worth $2,949,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PBMares Wealth Management LLC boosted its position in Duke Energy by 1.8% in the third quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider’s stock valued at $563,000 after buying an additional 86 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in shares of Duke Energy by 2.1% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 4,425 shares of the utilities provider’s stock worth $444,000 after acquiring an additional 90 shares in the last quarter. Castleview Partners LLC increased its holdings in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider’s stock valued at $224,000 after purchasing an additional 90 shares in the last quarter. Kanawha Capital Management LLC raised its position in Duke Energy by 1.4% in the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider’s stock valued at $760,000 after purchasing an additional 92 shares during the last quarter. Finally, Baron Wealth Management LLC boosted its stake in Duke Energy by 3.5% in the third quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider’s stock worth $315,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Ratings Changes

DUK has been the subject of a number of research reports. Morgan Stanley lowered their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Bank of America boosted their target price on shares of Duke Energy from $116.00 to $118.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, August 12th. Jefferies Financial Group initiated coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price objective for the company. Finally, Evercore ISI increased their price objective on Duke Energy from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $121.69.

Duke Energy Stock Down 1.3 %

Shares of DUK stock opened at $113.64 on Wednesday. The firm’s fifty day moving average price is $115.09 and its two-hundred day moving average price is $110.44. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25. The firm has a market capitalization of $87.78 billion, a P/E ratio of 20.89, a PEG ratio of 3.04 and a beta of 0.47.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period last year, the company posted $1.94 earnings per share. On average, equities analysts predict that Duke Energy Co. will post 5.96 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date of this dividend is Friday, November 15th. Duke Energy’s dividend payout ratio is currently 76.84%.

About Duke Energy

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.