Duke Energy Co. (NYSE:DUK) Shares Purchased by Tompkins Financial Corp

Tompkins Financial Corp grew its holdings in shares of Duke Energy Co. (NYSE:DUK) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 86,465 shares of the utilities provider’s stock after purchasing an additional 1,434 shares during the period. Tompkins Financial Corp’s holdings in Duke Energy were worth $9,316,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC raised its stake in Duke Energy by 2.6% during the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after acquiring an additional 442,302 shares during the period. Pathway Financial Advisers LLC grew its holdings in shares of Duke Energy by 11,471.4% during 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 during the last quarter. Swiss National Bank raised its position in shares of Duke Energy by 0.3% during the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after purchasing an additional 6,500 shares during the period. Groupama Asset Managment acquired a new position in Duke Energy during the 3rd quarter valued at approximately $2,537,000. Finally, Mackenzie Financial Corp grew its stake in Duke Energy by 65.7% during the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after buying an additional 813,744 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DUK has been the subject of several analyst reports. Jefferies Financial Group began coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target for the company. Morgan Stanley cut their price objective on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $116.00 to $121.00 in a research report on Tuesday, October 15th. Barclays lifted their price target on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Finally, Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a report on Thursday, December 12th. Six equities 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.com, Duke Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Up 2.4 %

Shares of DUK stock opened at $109.05 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The stock has a market cap of $84.24 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.64 and a beta of 0.49. The business’s fifty day moving average is $110.59 and its 200-day moving average is $111.83. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter last year, the firm posted $1.94 earnings per share. Duke Energy’s revenue was up 2.1% compared to the same quarter last year. Equities analysts expect that Duke Energy Co. will post 5.94 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.83%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

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.