Alberta Investment Management Corp increased its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,600 shares of the utilities provider's stock after acquiring an additional 2,300 shares during the period. Alberta Investment Management Corp's holdings in Duke Energy were worth $4,913,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in shares of Duke Energy by 2.6% during 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 last quarter. Pathway Financial Advisers LLC increased its position in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider's stock valued at $781,500,000 after acquiring an additional 6,719,398 shares during the last quarter. Swiss National Bank raised its stake in shares of Duke Energy by 0.3% in the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider's stock valued at $264,111,000 after acquiring an additional 6,500 shares during the period. Groupama Asset Managment bought a new stake in shares of Duke Energy in the 3rd quarter worth about $2,537,000. Finally, Assenagon Asset Management S.A. grew its holdings in Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider's stock valued at $201,832,000 after purchasing an additional 1,138,979 shares during the last quarter. 65.31% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
DUK has been the subject of several recent analyst reports. Scotiabank boosted their target price on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. BMO Capital Markets lifted their target price on Duke Energy from $119.00 to $124.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Finally, Morgan Stanley cut their price target on shares of Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. 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 data from MarketBeat, Duke Energy currently has an average rating of "Moderate Buy" and a consensus target price of $122.08.
Check Out Our Latest Stock Report on Duke Energy
Duke Energy Stock Up 1.2 %
DUK stock traded up $1.36 during trading on Thursday, hitting $113.15. 3,159,487 shares of the company's stock traded hands, compared to its average volume of 3,334,588. The business has a fifty day simple moving average of $109.88 and a two-hundred day simple moving average of $112.97. 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 has a market capitalization of $87.40 billion, a P/E ratio of 19.82, a PEG ratio of 2.74 and a beta of 0.50. Duke Energy Co. has a 1 year low of $90.09 and a 1 year high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data 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 return on equity of 9.50% and a net margin of 14.90%. Sell-side analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.
Duke Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a yield of 3.69%. Duke Energy's payout ratio is 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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