Cinctive Capital Management LP lifted its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 178.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 319,628 shares of the utilities provider's stock after acquiring an additional 204,764 shares during the quarter. Duke Energy accounts for about 1.8% of Cinctive Capital Management LP's investment portfolio, making the stock its 6th largest holding. Cinctive Capital Management LP's holdings in Duke Energy were worth $34,437,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Groupama Asset Managment bought a new stake in shares of Duke Energy during the 3rd quarter valued at about $2,537,000. Zimmer Partners LP bought a new stake in Duke Energy during the third quarter valued at approximately $166,263,000. Assenagon Asset Management S.A. raised its position in Duke Energy by 155.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider's stock worth $201,832,000 after acquiring an additional 1,138,979 shares during the period. Capital Wealth Planning LLC boosted its stake in shares of Duke Energy by 116.5% during the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock worth $222,520,000 after acquiring an additional 1,111,581 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Duke Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock valued at $7,852,731,000 after acquiring an additional 779,054 shares during the period. Institutional investors own 65.31% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on DUK shares. Morgan Stanley lifted their price objective on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Guggenheim upped their price target 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. raised their price objective on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday, March 11th. Jefferies Financial Group upped their target price on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, BMO Capital Markets raised their price target on Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a report on Tuesday, March 11th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.87.
Check Out Our Latest Report on DUK
Duke Energy Price Performance
Shares of NYSE:DUK traded down $2.38 on Monday, reaching $116.55. The company's stock had a trading volume of 3,443,241 shares, compared to its average volume of 3,910,815. The company has a 50-day simple moving average of $116.33 and a 200 day simple moving average of $113.84. 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 Co. has a 52-week low of $92.75 and a 52-week high of $125.27. The company has a market cap of $90.56 billion, a P/E ratio of 20.40, a PEG ratio of 2.79 and a beta of 0.39.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. As a group, equities research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were paid a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend was Friday, February 14th. Duke Energy's dividend payout ratio is currently 73.20%.
About Duke Energy
(
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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