Caisse DE Depot ET Placement DU Quebec Has $272.49 Million Stake in Duke Energy Co. (NYSE:DUK)

Caisse DE Depot ET Placement DU Quebec cut its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,363,345 shares of the utilities provider’s stock after selling 60,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Duke Energy were worth $272,494,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DUK. Captrust Financial Advisors increased its holdings in shares of Duke Energy by 1.6% in the third quarter. Captrust Financial Advisors now owns 402,248 shares of the utilities provider’s stock valued at $46,379,000 after purchasing an additional 6,527 shares during the last quarter. Public Sector Pension Investment Board grew its stake in Duke Energy by 3.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 134,802 shares of the utilities provider’s stock valued at $15,543,000 after buying an additional 3,900 shares during the last quarter. Providence Capital Advisors LLC raised its holdings in Duke Energy by 0.8% in the 3rd quarter. Providence Capital Advisors LLC now owns 37,745 shares of the utilities provider’s stock valued at $4,352,000 after acquiring an additional 293 shares during the period. CreativeOne Wealth LLC boosted its holdings in shares of Duke Energy by 55.9% during the third quarter. CreativeOne Wealth LLC now owns 9,739 shares of the utilities provider’s stock worth $1,123,000 after acquiring an additional 3,492 shares during the period. Finally, Townsquare Capital LLC grew its position in shares of Duke Energy by 0.5% in the third quarter. Townsquare Capital LLC now owns 114,592 shares of the utilities provider’s stock valued at $13,213,000 after purchasing an additional 604 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Duke Energy from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, August 12th. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Morgan Stanley decreased their target price on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Finally, The Goldman Sachs Group lifted their price target on shares of Duke Energy from $102.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Duke Energy currently has a consensus rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Trading Down 0.3 %

Shares of DUK stock opened at $117.12 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a fifty-two week low of $90.09 and a fifty-two week high of $121.25. The company has a market cap of $90.47 billion, a PE ratio of 21.53, a P/E/G ratio of 3.10 and a beta of 0.47. The stock’s fifty day moving average price is $115.18 and its two-hundred day moving average price is $110.18.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate 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 was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.94 EPS. Equities analysts predict that Duke Energy Co. will post 5.97 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a yield of 3.57%. 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.