Duke Energy Co. (NYSE:DUK) is Foundry Partners LLC's 8th Largest Position

Foundry Partners LLC lowered its position in Duke Energy Co. (NYSE:DUK - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 274,252 shares of the utilities provider's stock after selling 2,310 shares during the period. Duke Energy accounts for about 1.5% of Foundry Partners LLC's holdings, making the stock its 8th biggest position. Foundry Partners LLC's holdings in Duke Energy were worth $29,548,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DUK. Vanguard Group Inc. grew its position in shares of Duke Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider's stock valued at $7,852,731,000 after acquiring an additional 779,054 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Duke Energy by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider's stock worth $1,949,857,000 after acquiring an additional 124,863 shares during the last quarter. Geode Capital Management LLC boosted its position in Duke Energy by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider's stock worth $1,930,833,000 after purchasing an additional 385,612 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Duke Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider's stock valued at $922,529,000 after acquiring an additional 135,665 shares during the period. Finally, Amundi raised its stake in shares of Duke Energy by 29.2% during the 4th quarter. Amundi now owns 2,488,849 shares of the utilities provider's stock valued at $269,368,000 after purchasing an additional 561,784 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

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Duke Energy Stock Performance

Shares of NYSE:DUK traded down $2.90 during midday trading on Wednesday, hitting $113.05. The company had a trading volume of 1,710,446 shares, compared to its average volume of 3,312,785. The company has a market cap of $87.84 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.79 and a beta of 0.39. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The company has a fifty day moving average of $116.61 and a two-hundred day moving average of $113.87. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $125.27.

Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (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%. On average, equities research analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were issued a $1.045 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.70%. Duke Energy's dividend payout ratio (DPR) is 73.20%.

Analyst Ratings Changes

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. Guggenheim upped their target price on Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Barclays lifted their price target on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday. Scotiabank lifted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Finally, Morgan Stanley increased their price target on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.20.

Duke Energy Company Profile

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.