Forsta AP Fonden trimmed its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 251,500 shares of the utilities provider's stock after selling 3,600 shares during the period. Forsta AP Fonden's holdings in Duke Energy were worth $27,097,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC raised its stake in shares of Duke Energy by 11,471.4% during the 3rd quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider's stock worth $781,500,000 after purchasing an additional 6,719,398 shares in the last quarter. Groupama Asset Managment bought a new position in shares of Duke Energy in the 3rd quarter valued at about $2,537,000. Zimmer Partners LP acquired a new position in shares of Duke Energy during the 3rd quarter worth about $166,263,000. Assenagon Asset Management S.A. grew its holdings 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 worth $201,832,000 after purchasing an additional 1,138,979 shares during the period. Finally, International Assets Investment Management LLC raised its stake in Duke Energy by 13,829.1% in the third quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider's stock valued at $129,782,000 after buying an additional 1,117,526 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.
Duke Energy Price Performance
NYSE:DUK traded down $0.12 during trading hours on Friday, hitting $112.14. The company's stock had a trading volume of 3,537,834 shares, compared to its average volume of 3,102,321. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. The company has a market capitalization of $86.62 billion, a P/E ratio of 20.61, a PEG ratio of 2.73 and a beta of 0.49. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The stock has a fifty day simple moving average of $110.09 and a 200-day simple moving average of $112.44.
Duke Energy (NYSE:DUK - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy's revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 earnings per share. On average, analysts anticipate that Duke Energy Co. will post 5.91 EPS for the current fiscal year.
Duke Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. This represents a $4.18 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, February 14th. Duke Energy's dividend payout ratio is currently 76.84%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. Mizuho upgraded Duke Energy from a "neutral" rating to an "outperform" rating and increased their price target for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. KeyCorp cut shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 22nd. Finally, Scotiabank raised their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $122.23.
Read Our Latest Analysis 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.
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