Pacer Advisors Inc. reduced its position in Duke Energy Co. (NYSE:DUK - Free Report) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,334 shares of the utilities provider's stock after selling 12,042 shares during the period. Pacer Advisors Inc.'s holdings in Duke Energy were worth $8,763,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Legacy Investment Solutions LLC bought a new stake in Duke Energy during the third quarter valued at $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the 3rd quarter valued at about $30,000. Winch Advisory Services LLC lifted its holdings in 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 acquiring an additional 243 shares during the last quarter. Reston Wealth Management LLC acquired a new position in Duke Energy in the third quarter valued at approximately $38,000. Finally, Catalyst Capital Advisors LLC raised its position in shares of Duke Energy by 100.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 334 shares of the utilities provider's stock worth $39,000 after purchasing an additional 167 shares during the period. 65.31% of the stock is owned by hedge funds and other institutional investors.
Duke Energy Price Performance
NYSE:DUK traded up $1.66 on Thursday, reaching $112.28. The stock had a trading volume of 2,202,559 shares, compared to its average volume of 3,074,308. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $86.73 billion, a P/E ratio of 20.64, a price-to-earnings-growth ratio of 2.71 and a beta of 0.49. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. The stock has a fifty day moving average price of $110.14 and a 200-day moving average price of $112.45.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.73 by ($0.11). The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company's revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 earnings per share. Research analysts forecast that Duke Energy Co. will post 5.92 EPS for the current year.
Duke Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 3.72%. Duke Energy's payout ratio is 76.84%.
Analyst Upgrades and Downgrades
DUK has been the topic of several recent research reports. Morgan Stanley cut their price objective on shares of Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Friday, November 22nd. Scotiabank lifted their target price on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Mizuho upgraded shares of Duke Energy from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Finally, KeyCorp downgraded Duke Energy from an "overweight" rating to a "sector weight" rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Duke Energy currently has an average rating of "Moderate Buy" and an average price target of $122.23.
Check Out Our Latest Report on Duke Energy
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.
See Also
Before you consider Duke Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Duke Energy wasn't on the list.
While Duke Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
