Westpac Banking Corp Boosts Stake in Duke Energy Corp (DUK)

Westpac Banking Corp grew its holdings in Duke Energy Corp (NYSE:DUK) by 3.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,604 shares of the utilities provider’s stock after acquiring an additional 4,433 shares during the quarter. Westpac Banking Corp’s holdings in Duke Energy were worth $9,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cable Hill Partners LLC raised its stake in shares of Duke Energy by 118.7% in the third quarter. Cable Hill Partners LLC now owns 6,234 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 3,383 shares in the last quarter. Linscomb & Williams Inc. raised its stake in shares of Duke Energy by 2.3% in the third quarter. Linscomb & Williams Inc. now owns 42,306 shares of the utilities provider’s stock valued at $3,550,000 after purchasing an additional 932 shares in the last quarter. Bollard Group LLC raised its stake in shares of Duke Energy by 2.0% in the third quarter. Bollard Group LLC now owns 153,254 shares of the utilities provider’s stock valued at $12,861,000 after purchasing an additional 3,050 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Duke Energy by 3,030.3% in the third quarter. Victory Capital Management Inc. now owns 377,579 shares of the utilities provider’s stock valued at $31,686,000 after purchasing an additional 365,517 shares in the last quarter. Finally, Northstar Wealth Partners LLC acquired a new position in shares of Duke Energy in the third quarter valued at $211,000. 57.34% of the stock is owned by institutional investors.

Duke Energy Corp (DUK) opened at $88.73 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.41 and a current ratio of 0.71. Duke Energy Corp has a 12 month low of $72.34 and a 12 month high of $91.80. The stock has a market capitalization of $62,108.84, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 4.85 and a beta of 0.26.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Friday, November 3rd. The utilities provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.03. Duke Energy had a return on equity of 7.54% and a net margin of 9.09%. The firm had revenue of $6.48 billion during the quarter, compared to analyst estimates of $7.43 billion. During the same period in the prior year, the company posted $1.68 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. equities analysts anticipate that Duke Energy Corp will post 4.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 18th. Shareholders of record on Friday, November 17th will be paid a dividend of $0.89 per share. The ex-dividend date is Thursday, November 16th. This represents a $3.56 annualized dividend and a yield of 4.01%. Duke Energy’s dividend payout ratio is currently 117.49%.

DUK has been the subject of a number of recent research reports. Zacks Investment Research upgraded Duke Energy from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research note on Friday, September 15th. Royal Bank Of Canada restated a “buy” rating and issued a $87.00 target price on shares of Duke Energy in a research note on Tuesday, August 29th. BidaskClub upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. ValuEngine upgraded Duke Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. Finally, Morgan Stanley upped their target price on Duke Energy from $87.00 to $89.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Duke Energy has a consensus rating of “Hold” and an average target price of $86.90.

In other news, EVP Lloyd M. Yates sold 5,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.07% of the company’s stock.

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Duke Energy Company Profile

Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.

Institutional Ownership by Quarter for Duke Energy (NYSE:DUK)

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