Fox Run Management L.L.C. Increases Position in Duke Energy Co. (NYSE:DUK)

Fox Run Management L.L.C. lifted its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 83.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,910 shares of the utilities provider's stock after purchasing an additional 8,171 shares during the quarter. Duke Energy comprises 0.4% of Fox Run Management L.L.C.'s portfolio, making the stock its 20th biggest holding. Fox Run Management L.L.C.'s holdings in Duke Energy were worth $1,930,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Parkworth Wealth Management Inc. bought a new position in Duke Energy during the fourth quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in Duke Energy in the 3rd quarter worth about $29,000. Sierra Ocean LLC bought a new stake in Duke Energy in the fourth quarter worth about $31,000. Rakuten Securities Inc. boosted its position in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after buying an additional 270 shares during the period. Finally, CGC Financial Services LLC grew its stake in shares of 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 during the last quarter. Institutional investors own 65.31% of the company's stock.

Duke Energy Price Performance

Shares of Duke Energy stock traded down $2.56 during trading hours on Tuesday, reaching $115.59. 2,116,386 shares of the company's stock were exchanged, compared to its average volume of 2,999,686. 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 business has a fifty day moving average of $114.39 and a two-hundred day moving average of $113.66. Duke Energy Co. has a 1 year low of $92.75 and a 1 year high of $121.47. The company has a market capitalization of $89.82 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48.

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Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping 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%. As a group, research analysts predict that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, February 14th. Duke Energy's dividend payout ratio is presently 73.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DUK shares. Scotiabank boosted their price objective on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. 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 report on Wednesday, March 5th. Jefferies Financial Group lifted their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley raised their target price on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 20th. Finally, UBS Group increased their price objective on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Duke Energy has a consensus rating of "Moderate Buy" and an average target price of $123.87.

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.