Assetmark Inc. raised its position in Duke Energy Co. (NYSE:DUK - Free Report) by 107.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,262 shares of the utilities provider's stock after acquiring an additional 19,792 shares during the quarter. Assetmark Inc.'s holdings in Duke Energy were worth $4,122,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Graypoint LLC lifted its stake in Duke Energy by 4.3% in the third quarter. Graypoint LLC now owns 5,018 shares of the utilities provider's stock valued at $579,000 after buying an additional 209 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Duke Energy by 4.1% in the 3rd quarter. Principal Financial Group Inc. now owns 960,178 shares of the utilities provider's stock worth $110,709,000 after buying an additional 37,453 shares during the last quarter. Summit Global Investments purchased a new position in shares of Duke Energy in the 3rd quarter worth about $1,846,000. Philip James Wealth Mangement LLC purchased a new stake in shares of Duke Energy during the 3rd quarter valued at about $251,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Duke Energy during the 3rd quarter valued at about $84,000. 65.31% of the stock is owned by institutional investors and hedge funds.
Duke Energy Trading Up 1.7 %
NYSE DUK traded up $1.94 on Friday, reaching $116.78. The company had a trading volume of 3,479,247 shares, compared to its average volume of 3,428,490. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $121.25. The business has a 50 day moving average of $111.81 and a two-hundred day moving average of $113.25. The firm has a market cap of $90.68 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 2.79 and a beta of 0.48.
Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.
Duke Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy's payout ratio is 73.20%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on DUK. Guggenheim raised their price objective on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday. Morgan Stanley decreased their price target on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group raised their target price on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, February 21st. BMO Capital Markets increased their price objective on Duke Energy from $119.00 to $124.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, Scotiabank upped their target price on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.57.
Read Our Latest Report on Duke Energy
Duke Energy Profile
(
Free Report)
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.
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