Intact Investment Management Inc. Grows Holdings in Duke Energy Co. (NYSE:DUK)

Intact Investment Management Inc. lifted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,530 shares of the utilities provider’s stock after buying an additional 4,930 shares during the quarter. Intact Investment Management Inc.’s holdings in Duke Energy were worth $5,711,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew 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 valued at $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Duke Energy by 13,829.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after buying an additional 1,117,526 shares in the last quarter. Mackenzie Financial Corp increased its stake in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after acquiring an additional 813,744 shares during the last quarter. Wulff Hansen & CO. raised its holdings in shares of Duke Energy by 9,923.0% during the 2nd quarter. Wulff Hansen & CO. now owns 769,265 shares of the utilities provider’s stock worth $77,103,000 after acquiring an additional 761,590 shares during the period. Finally, BROOKFIELD Corp ON purchased a new stake in shares of Duke Energy in the first quarter valued at about $36,278,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Duke Energy news, EVP Louis E. Renjel sold 540 shares of the business’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 completion of the transaction, the executive vice president now owns 19,884 shares in the company, valued at approximately $2,259,617.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

Duke Energy Trading Down 0.1 %

NYSE DUK opened at $112.52 on Tuesday. The company’s fifty day moving average price is $115.83 and its two-hundred day moving average price is $108.46. The company has a market capitalization of $86.89 billion, a price-to-earnings ratio of 20.72, a price-to-earnings-growth ratio of 3.15 and a beta of 0.47. Duke Energy Co. has a 12 month low of $86.61 and a 12 month high of $121.25. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.81 and a quick ratio of 0.53.

Duke Energy (NYSE:DUK) last issued its earnings results on Tuesday, August 6th. The utilities provider reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.16. Duke Energy had a return on equity of 9.71% and a net margin of 14.29%. The company 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 quarterly revenue was up 9.0% compared to the same quarter last year. As a group, research analysts predict that Duke Energy Co. will post 5.98 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

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 dividend of $1.045 per share. The ex-dividend date is Friday, November 15th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.71%. Duke Energy’s dividend payout ratio (DPR) is presently 76.98%.

Analysts Set New Price Targets

A number of equities research analysts have commented on DUK shares. JPMorgan Chase & Co. lifted their target price on Duke Energy from $111.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, August 12th. Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $116.00 to $121.00 in a research note on Tuesday, October 15th. BMO Capital Markets upped their price objective on shares of Duke Energy from $120.00 to $126.00 and gave the stock an “outperform” rating in a report on Wednesday, September 18th. Scotiabank lifted their target price on shares of Duke Energy from $104.00 to $113.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $135.00 price target on shares of Duke Energy in a research note on Thursday, August 29th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.85.

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.