WINTON GROUP Ltd Makes New $3.10 Million Investment in Duke Energy Corporation $DUK

WINTON GROUP Ltd acquired a new stake in Duke Energy Corporation (NYSE:DUK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 26,300 shares of the utilities provider’s stock, valued at approximately $3,103,000.

Other hedge funds also recently modified their holdings of the company. Laurel Wealth Advisors LLC grew its stake in Duke Energy by 11,417.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 17,668,789 shares of the utilities provider’s stock valued at $2,084,917,000 after buying an additional 17,515,383 shares during the last quarter. GQG Partners LLC boosted its holdings in shares of Duke Energy by 17,880.0% during the first quarter. GQG Partners LLC now owns 10,249,508 shares of the utilities provider’s stock worth $1,250,133,000 after acquiring an additional 10,192,503 shares during the period. Raymond James Financial Inc. grew its position in shares of Duke Energy by 88.1% in the first quarter. Raymond James Financial Inc. now owns 4,861,309 shares of the utilities provider’s stock valued at $592,934,000 after purchasing an additional 2,276,948 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Duke Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 75,716,783 shares of the utilities provider’s stock worth $8,934,580,000 after purchasing an additional 1,154,783 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Duke Energy by 359.1% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,132,613 shares of the utilities provider’s stock valued at $138,145,000 after purchasing an additional 885,900 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Insider Buying and Selling at Duke Energy

In related news, EVP Robert Alexander Glenn sold 8,200 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $123.80, for a total transaction of $1,015,160.00. Following the completion of the sale, the executive vice president directly owned 11,367 shares in the company, valued at $1,407,234.60. This represents a 41.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

Duke Energy Price Performance

Shares of NYSE:DUK opened at $115.12 on Tuesday. The firm has a 50 day moving average of $124.01 and a 200-day moving average of $121.27. Duke Energy Corporation has a 12 month low of $105.20 and a 12 month high of $130.03. The company has a current ratio of 0.63, a quick ratio of 0.40 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $89.52 billion, a PE ratio of 18.10, a PEG ratio of 2.68 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 6th. The utilities provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.06. Duke Energy had a net margin of 15.76% and a return on equity of 9.98%. The business had revenue of $8.54 billion for the quarter, compared to analysts’ expectations of $8.51 billion. During the same period last year, the firm posted $1.62 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Duke Energy Corporation will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a dividend of $1.065 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $4.26 dividend on an annualized basis and a dividend yield of 3.7%. Duke Energy’s payout ratio is 66.98%.

Wall Street Analyst Weigh In

DUK has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on Duke Energy from $131.00 to $136.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. TD Cowen started coverage on shares of Duke Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $143.00 price objective for the company. BMO Capital Markets decreased their target price on shares of Duke Energy from $138.00 to $136.00 in a research report on Monday, November 10th. BTIG Research upgraded shares of Duke Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Morgan Stanley reiterated an “underperform” rating on shares of Duke Energy in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $137.69.

Duke Energy 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.