Maryland Capital Management Has $5.83 Million Position in Duke Energy Corp (DUK)

Maryland Capital Management boosted its stake in Duke Energy Corp (NYSE:DUK) by 1.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,899 shares of the utilities provider’s stock after buying an additional 1,067 shares during the quarter. Maryland Capital Management’s holdings in Duke Energy were worth $5,833,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Duke Energy during the second quarter valued at approximately $5,688,000. First Trust Advisors LP grew its position in Duke Energy by 1.5% during the second quarter. First Trust Advisors LP now owns 975,961 shares of the utilities provider’s stock valued at $77,179,000 after purchasing an additional 14,754 shares in the last quarter. D.A. Davidson & CO. grew its position in Duke Energy by 2.2% during the second quarter. D.A. Davidson & CO. now owns 97,205 shares of the utilities provider’s stock valued at $7,687,000 after purchasing an additional 2,068 shares in the last quarter. Keeler Thomas Management LLC grew its position in Duke Energy by 10.3% during the second quarter. Keeler Thomas Management LLC now owns 15,007 shares of the utilities provider’s stock valued at $1,163,000 after purchasing an additional 1,400 shares in the last quarter. Finally, HC Financial Advisors Inc. purchased a new position in Duke Energy during the second quarter valued at approximately $291,000. 59.65% of the stock is owned by institutional investors and hedge funds.

DUK stock opened at $88.57 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.68 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $63.14 billion, a price-to-earnings ratio of 19.38, a price-to-earnings-growth ratio of 3.72 and a beta of -0.04. Duke Energy Corp has a 12 month low of $71.96 and a 12 month high of $89.72.

Duke Energy (NYSE:DUK) last posted its earnings results on Friday, November 2nd. The utilities provider reported $1.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.12. The company had revenue of $6.63 billion during the quarter, compared to the consensus estimate of $6.59 billion. Duke Energy had a net margin of 11.98% and a return on equity of 8.02%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share. On average, equities research analysts predict that Duke Energy Corp will post 4.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 16th will be issued a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, November 15th. Duke Energy’s dividend payout ratio is currently 81.18%.

A number of brokerages recently commented on DUK. ValuEngine raised shares of Duke Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Barclays boosted their price objective on shares of Duke Energy from $86.00 to $88.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Wells Fargo & Co lowered their price objective on shares of Duke Energy from $89.00 to $88.00 and set a “market perform” rating on the stock in a research report on Monday, November 5th. Zacks Investment Research downgraded shares of Duke Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Finally, Guggenheim reissued a “buy” rating and issued a $86.00 target price on shares of Duke Energy in a research report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. Duke Energy currently has a consensus rating of “Hold” and an average price target of $84.13.

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About Duke Energy

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; uses coal, hydroelectric, natural gas, oil, renewable sources, and nuclear fuel to generate electricity; and engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities.

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

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