Commerzbank Aktiengesellschaft FI acquired a new position in Duke Energy Co. (NYSE:DUK) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,936 shares of the utilities provider’s stock, valued at approximately $1,677,000. Duke Energy accounts for about 0.4% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 16th biggest position.
Several other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its holdings in Duke Energy by 1.8% in the first quarter. State Street Corp now owns 40,579,311 shares of the utilities provider’s stock worth $3,282,055,000 after purchasing an additional 724,700 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of Duke Energy by 63.3% during the first quarter. APG Asset Management N.V. now owns 1,860,282 shares of the utilities provider’s stock valued at $150,460,000 after acquiring an additional 721,007 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Duke Energy by 491.0% during the second quarter. Thrivent Financial for Lutherans now owns 476,051 shares of the utilities provider’s stock valued at $38,039,000 after acquiring an additional 395,498 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Duke Energy by 5.7% during the second quarter. California Public Employees Retirement System now owns 6,017,090 shares of the utilities provider’s stock valued at $480,705,000 after acquiring an additional 325,275 shares in the last quarter. Finally, Prudential PLC increased its holdings in shares of Duke Energy by 33.8% during the second quarter. Prudential PLC now owns 1,228,411 shares of the utilities provider’s stock valued at $98,138,000 after acquiring an additional 310,052 shares in the last quarter. 63.79% of the stock is currently owned by institutional investors.
DUK stock traded down $0.56 during midday trading on Monday, hitting $92.22. The company’s stock had a trading volume of 75,865 shares, compared to its average volume of 3,857,933. The stock’s 50-day moving average price is $86.86 and its 200 day moving average price is $84.49. The company has a quick ratio of 0.36, a current ratio of 0.55 and a debt-to-equity ratio of 1.26. Duke Energy Co. has a 1 year low of $62.13 and a 1 year high of $103.79. The stock has a market cap of $68.23 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 5.03 and a beta of 0.23.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 16th. Stockholders of record on Friday, November 13th will be given a dividend of $0.965 per share. This represents a $3.86 dividend on an annualized basis and a dividend yield of 4.19%. Duke Energy’s dividend payout ratio is presently 76.28%.
Several equities research analysts have recently commented on DUK shares. Credit Suisse Group downgraded Duke Energy from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $88.00 to $93.00 in a report on Thursday, October 15th. Morgan Stanley boosted their price objective on Duke Energy from $94.00 to $98.00 and gave the company an “equal weight” rating in a report on Tuesday, October 20th. Scotiabank downgraded Duke Energy from a “sector outperform” rating to a “sector perform” rating and set a $100.00 price target for the company. in a report on Thursday, October 1st. Bank of America upgraded Duke Energy from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $87.00 to $85.00 in a report on Wednesday, September 9th. Finally, BofA Securities upgraded Duke Energy from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $87.00 to $85.00 in a report on Wednesday, September 9th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $93.06.
Duke Energy Profile
Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest; and uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity.
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