Asset Management One Co. Ltd. Has $39.83 Million Stake in Duke Energy Co. (NYSE:DUK)

Asset Management One Co. Ltd. raised its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 367,621 shares of the utilities provider's stock after buying an additional 4,517 shares during the period. Asset Management One Co. Ltd.'s holdings in Duke Energy were worth $39,828,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Duke Energy during the third quarter worth $29,000. Northwest Investment Counselors LLC acquired a new stake in Duke Energy during the 3rd quarter worth about $30,000. CGC Financial Services LLC lifted its stake in Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after buying an additional 242 shares in the last quarter. Winch Advisory Services LLC boosted its holdings in shares of Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider's stock worth $34,000 after buying an additional 243 shares during the period. Finally, Reston Wealth Management LLC acquired a new stake in shares of Duke Energy during the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on DUK. Scotiabank raised 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 note on Thursday, December 12th. KeyCorp downgraded Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Finally, BMO Capital Markets increased their price target 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Duke Energy currently has an average rating of "Moderate Buy" and a consensus target price of $122.08.

Duke Energy Stock Down 0.7 %

Shares of DUK traded down $0.79 during mid-day trading on Tuesday, hitting $110.81. 1,371,392 shares of the company's stock were exchanged, compared to its average volume of 3,210,384. The stock has a market cap of $85.60 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.83 and a beta of 0.50. The firm has a fifty day moving average of $109.85 and a two-hundred day moving average of $113.00. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25.

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 9.34% and a net margin of 14.31%. On average, sell-side analysts forecast that Duke Energy Co. will post 5.91 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.77%. Duke Energy's payout ratio is currently 76.84%.

Duke Energy Company 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.