KKM Financial LLC Acquires 1,399 Shares of Duke Energy Co. (NYSE:DUK)

KKM Financial LLC lifted its holdings in Duke Energy Co. (NYSE:DUK) by 6.9% in the third quarter, HoldingsChannel.com reports. The fund owned 21,583 shares of the utilities provider’s stock after buying an additional 1,399 shares during the quarter. KKM Financial LLC’s holdings in Duke Energy were worth $2,489,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DUK. Pathway Financial Advisers LLC lifted its position in shares of Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after buying an additional 6,719,398 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after buying an additional 1,117,526 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Duke Energy by 65.7% in the second quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares in the last quarter. Wulff Hansen & CO. lifted its position in shares of Duke Energy by 9,923.0% in the second quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after buying an additional 761,590 shares in the last quarter. Finally, BROOKFIELD Corp ON purchased a new stake in shares of Duke Energy in the first quarter worth about $36,278,000. Institutional investors own 65.31% of the company’s stock.

Analyst Ratings Changes

DUK has been the topic of a number of research analyst reports. Scotiabank boosted their target price on Duke Energy from $104.00 to $113.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 20th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group boosted their target price on Duke Energy from $102.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 12th. Royal Bank of Canada restated an “outperform” rating and set a $135.00 price objective on shares of Duke Energy in a research report on Thursday, August 29th. Finally, Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.69.

Duke Energy Trading Down 0.1 %

Shares of NYSE DUK opened at $114.70 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. The business’s 50 day moving average price is $115.14 and its 200-day moving average price is $109.69. Duke Energy Co. has a fifty-two week low of $89.92 and a fifty-two week high of $121.25. The company has a market cap of $88.60 billion, a price-to-earnings ratio of 21.08, a PEG ratio of 3.03 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 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts expect that Duke Energy Co. will post 5.97 earnings per share for the current year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a $1.045 dividend. The ex-dividend date is Friday, November 15th. This represents a $4.18 annualized dividend and a dividend yield of 3.64%. Duke Energy’s payout ratio is 76.84%.

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.