Ninepoint Partners LP Boosts Position in Duke Energy Co. (NYSE:DUK)

Ninepoint Partners LP lifted its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,234 shares of the utilities provider's stock after purchasing an additional 2,127 shares during the period. Ninepoint Partners LP's holdings in Duke Energy were worth $1,210,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC grew its holdings in 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 worth $2,016,846,000 after acquiring an additional 442,302 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Duke Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock worth $922,529,000 after acquiring an additional 135,665 shares during the last quarter. Amundi lifted its position 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 worth $269,368,000 after purchasing an additional 561,784 shares during the period. Swiss National Bank lifted its position in shares of Duke Energy by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider's stock worth $264,111,000 after purchasing an additional 6,500 shares during the period. Finally, Groupama Asset Managment purchased a new stake in shares of Duke Energy in the 3rd quarter worth about $2,537,000. Institutional investors own 65.31% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DUK shares. Guggenheim raised their target price on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. BMO Capital Markets lifted their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Scotiabank lifted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. Finally, Morgan Stanley lifted their price target on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.64.

Duke Energy Price Performance

Shares of DUK traded up $0.86 during mid-day trading on Thursday, reaching $120.17. The stock had a trading volume of 4,343,902 shares, compared to its average volume of 2,984,473. The firm has a market cap of $93.37 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a 12 month low of $92.75 and a 12 month high of $121.47. The business has a fifty day moving average of $113.66 and a 200 day moving average of $113.61. 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 (NYSE:DUK - Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Equities analysts predict that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were given a dividend of $1.045 per share. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.48%. Duke Energy's dividend payout ratio (DPR) is currently 73.20%.

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.