Kanawha Capital Management LLC Has $760,000 Position in Duke Energy Co. (NYSE:DUK)

Kanawha Capital Management LLC increased its position in shares of Duke Energy Co. (NYSE:DUK) by 1.4% during the third quarter, Holdings Channel reports. The institutional investor owned 6,591 shares of the utilities provider’s stock after purchasing an additional 92 shares during the quarter. Kanawha Capital Management LLC’s holdings in Duke Energy were worth $760,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Duke Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 70,675,702 shares of the utilities provider’s stock valued at $6,835,047,000 after purchasing an additional 324,289 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Duke Energy by 3.2% in the 1st quarter. Capital Research Global Investors now owns 11,493,340 shares of the utilities provider’s stock valued at $1,111,521,000 after buying an additional 352,320 shares in the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after acquiring an additional 6,719,398 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Duke Energy by 1.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after acquiring an additional 40,243 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after acquiring an additional 813,744 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DUK. Royal Bank of Canada reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a report on Thursday, August 29th. BMO Capital Markets upped their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Scotiabank lifted their price objective on Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company upped their target price on shares of Duke Energy from $110.00 to $122.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group started coverage on shares of Duke Energy in a research report on Thursday, September 19th. They issued a “buy” rating and a $138.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $121.85.

Duke Energy Stock Down 2.2 %

NYSE DUK opened at $112.68 on Monday. The stock has a market capitalization of $87.01 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47. Duke Energy Co. has a 52 week low of $86.61 and a 52 week high of $121.25. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.53 and a current ratio of 0.81. The stock has a fifty day moving average of $115.84 and a 200-day moving average of $108.35.

Duke Energy (NYSE:DUK) last posted its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a net margin of 14.29% and a return on equity of 9.71%. The business had revenue of $7.17 billion during the quarter, compared to the consensus estimate of $6.84 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. Duke Energy’s revenue for the quarter was up 9.0% compared to the same quarter last year. On average, equities research analysts forecast that Duke Energy Co. will post 5.98 EPS for the current year.

Duke Energy Announces Dividend

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 paid a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.71%. The ex-dividend date is Friday, November 15th. Duke Energy’s payout ratio is 76.98%.

Insiders Place Their Bets

In related news, EVP Louis E. Renjel sold 540 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $113.64, for a total transaction of $61,365.60. Following the sale, the executive vice president now owns 19,884 shares of the company’s stock, valued at approximately $2,259,617.76. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.10% of the company’s stock.

Duke Energy Company 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.