From MarketBeat:

Pinnacle Financial Partners Inc increased its stake in Duke Energy Co. by 22.4% in the third quarter, according to its recent 13F filing with the SEC. The institutional investor now owns 59,519 shares of Duke Energy, worth $5,253,000. Other hedge funds and institutional investors also added to their stakes in the company, owning 63.68% of the stock. Source: MarketBeat

Duke Energy Co. shares opened at $94.54 on Thursday with a 52-week low of $83.06 and a high of $103.83. The company has a market capitalization of $72.86 billion, a price-to-earnings ratio of 60.22, and a dividend payout ratio of 261.15%. Source: MarketBeat

Duke Energy reported $1.94 earnings per share for the latest quarter, which was higher than analysts’ estimates. They reported revenue of $7.99 billion, up 1.9% from the previous year. Analysts expect Duke Energy to post 5.59 earnings per share for the current year. Source: MarketBeat

The company announced a quarterly dividend of $1.025 per share to be paid on March 18th. Duke Energy’s dividend payout ratio is currently 261.15% and has a consensus price target of $100.67. Several brokerages have issued reports on Duke Energy, most rating it as “Moderate Buy.” Source: MarketBeat

Duke Energy Corporation operates as an energy company in the United States, mainly in the Electric Utilities and Infrastructure segment and the Gas Utilities and Infrastructure segment. Duke Energy uses various sources such as coal, hydroelectric, natural gas, oil, solar, wind, renewables, and nuclear fuel to generate electricity. Source: MarketBeat



Read more: Pinnacle Financial Partners Inc Boosts Stock Position in Duke Energy Co. (NYSE:DUK)