Crowley Wealth Management Inc. acquired a new stake in Duke Energy Co. (NYSE:DUK - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,715 shares of the utilities provider's stock, valued at approximately $1,047,000. Duke Energy comprises about 0.9% of Crowley Wealth Management Inc.'s portfolio, making the stock its 24th largest position.
Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Duke Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock worth $7,852,731,000 after purchasing an additional 779,054 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Duke Energy by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider's stock valued at $2,016,846,000 after purchasing an additional 442,302 shares during the period. Charles Schwab Investment Management Inc. grew its position in Duke Energy by 1.6% during the fourth 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 period. Amundi increased its holdings in Duke Energy by 29.2% in the fourth 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 in the last quarter. Finally, Groupama Asset Managment acquired a new position in shares of Duke Energy in the third quarter worth about $2,537,000. Hedge funds and other institutional investors own 65.31% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research note on Thursday, March 20th. UBS Group boosted their price objective on Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. lifted their price target on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Jefferies Financial Group upped their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Guggenheim lifted their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has a consensus rating of "Moderate Buy" and an average target price of $123.87.
Check Out Our Latest Stock Report on Duke Energy
Duke Energy Trading Up 0.5 %
Duke Energy stock traded up $0.56 during trading on Thursday, reaching $117.67. 2,833,419 shares of the company were exchanged, compared to its average volume of 3,010,867. The stock's 50 day simple moving average is $114.97 and its two-hundred day simple moving average is $113.71. The company has a market capitalization of $91.43 billion, a P/E ratio of 20.61, a PEG ratio of 2.79 and a beta of 0.48. 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 52-week low of $92.75 and a 52-week high of $121.47.
Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping 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, equities research analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were given a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, February 14th. Duke Energy's payout ratio is presently 73.20%.
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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