Cibc World Markets Corp Has $13.13 Million Stock Position in Duke Energy Co. (NYSE:DUK)

Cibc World Markets Corp raised its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,859 shares of the utilities provider's stock after acquiring an additional 17,088 shares during the quarter. Cibc World Markets Corp's holdings in Duke Energy were worth $13,129,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Groupama Asset Managment bought a new stake in shares of Duke Energy in the 3rd quarter valued at approximately $2,537,000. Zimmer Partners LP acquired a new position in Duke Energy in the third quarter worth $166,263,000. Assenagon Asset Management S.A. increased its stake in Duke Energy by 155.1% during the fourth 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. Capital Wealth Planning LLC raised its holdings in shares of Duke Energy by 116.5% during the fourth quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock worth $222,520,000 after purchasing an additional 1,111,581 shares during the period. Finally, Amundi boosted its holdings 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 valued at $269,368,000 after buying an additional 561,784 shares during the period. Institutional investors own 65.31% of the company's stock.

Analysts Set New Price Targets

DUK has been the topic of several research reports. BMO Capital Markets increased their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Guggenheim increased their price target on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. 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. Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group upped their price target 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. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.87.

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Duke Energy Price Performance

NYSE:DUK traded down $1.15 during midday trading on Friday, hitting $119.01. 5,850,305 shares of the stock were exchanged, compared to its average volume of 3,772,183. The business has a 50-day moving average price of $113.89 and a two-hundred day moving average price of $113.65. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $92.47 billion, a price-to-earnings ratio of 20.84, a P/E/G ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a one year low of $92.75 and a one year high of $121.46.

Duke Energy (NYSE:DUK - Get Free Report) last announced 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 9.50% and a net margin of 14.90%. Sell-side analysts predict that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, February 14th. Duke Energy's payout ratio is 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.