CIBC Asset Management Inc Grows Position in Duke Energy Co. (NYSE:DUK)

CIBC Asset Management Inc grew its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,254 shares of the utilities provider's stock after buying an additional 2,861 shares during the quarter. CIBC Asset Management Inc's holdings in Duke Energy were worth $23,297,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning boosted its holdings in Duke Energy by 9.3% during the third quarter. Creative Planning now owns 304,434 shares of the utilities provider's stock worth $35,101,000 after purchasing an additional 25,937 shares during the last quarter. Stratos Wealth Partners LTD. boosted its holdings in Duke Energy by 3.5% during the third quarter. Stratos Wealth Partners LTD. now owns 48,126 shares of the utilities provider's stock worth $5,549,000 after purchasing an additional 1,642 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in Duke Energy by 8.8% during the third quarter. Stratos Wealth Advisors LLC now owns 8,434 shares of the utilities provider's stock worth $973,000 after purchasing an additional 683 shares during the last quarter. Chicago Capital LLC boosted its holdings in Duke Energy by 0.9% during the third quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider's stock worth $1,172,000 after purchasing an additional 93 shares during the last quarter. Finally, New Century Financial Group LLC boosted its holdings in Duke Energy by 7.3% during the third quarter. New Century Financial Group LLC now owns 2,313 shares of the utilities provider's stock worth $267,000 after purchasing an additional 158 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Morgan Stanley lowered 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. Finally, Scotiabank lifted their price objective on shares of 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $122.08.

Duke Energy Trading Up 1.2 %

Shares of Duke Energy stock traded up $1.31 during trading on Thursday, reaching $113.10. The company's stock had a trading volume of 2,127,403 shares, compared to its average volume of 3,296,681. The company has a market cap of $87.36 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.74 and a beta of 0.50. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The firm's 50-day moving average is $109.88 and its two-hundred day moving average is $112.97. Duke Energy Co. has a 52-week low of $90.09 and a 52-week high of $121.25.

Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings data 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%. On average, sell-side analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.70%. Duke Energy's dividend payout ratio (DPR) is currently 73.20%.

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.