ExodusPoint Capital Management LP Acquires Shares of 1,520,504 Duke Energy Co. (NYSE:DUK)

ExodusPoint Capital Management LP purchased a new position in Duke Energy Co. (NYSE:DUK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,520,504 shares of the utilities provider's stock, valued at approximately $163,819,000. Duke Energy makes up approximately 1.1% of ExodusPoint Capital Management LP's portfolio, making the stock its 6th biggest position. ExodusPoint Capital Management LP owned 0.20% of Duke Energy at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Duke Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock valued at $7,852,731,000 after purchasing an additional 779,054 shares during the period. Massachusetts Financial Services Co. MA raised its position in Duke Energy by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock worth $1,949,857,000 after buying an additional 124,863 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Duke Energy by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock worth $1,930,833,000 after purchasing an additional 385,612 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Duke Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock valued at $922,529,000 after buying an additional 135,665 shares during the last quarter. Finally, Amundi lifted its holdings in shares of Duke Energy by 29.2% in the 4th quarter. Amundi now owns 2,488,849 shares of the utilities provider's stock valued at $269,368,000 after buying an additional 561,784 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

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Duke Energy Stock Up 1.1 %

Shares of NYSE:DUK traded up $1.33 during trading hours on Tuesday, reaching $118.19. The stock had a trading volume of 1,525,903 shares, compared to its average volume of 3,301,460. The stock has a market capitalization of $91.84 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 2.79 and a beta of 0.39. The firm's 50 day moving average is $116.42 and its 200-day moving average is $113.86. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. Duke Energy Co. has a 1 year low of $92.75 and a 1 year high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Research analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were given a $1.045 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.54%. Duke Energy's dividend payout ratio (DPR) is 73.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DUK shares. Jefferies Financial Group raised their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Morgan Stanley upped their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. BMO Capital Markets lifted their target price on shares of Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Guggenheim upped their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Duke Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.87.

About Duke Energy

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.