FourThought Financial Partners LLC raised its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,486 shares of the utilities provider's stock after buying an additional 3,170 shares during the period. FourThought Financial Partners LLC's holdings in Duke Energy were worth $2,638,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of DUK. Geode Capital Management LLC increased its position in shares of Duke Energy by 2.6% in the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider's stock valued at $2,016,846,000 after acquiring an additional 442,302 shares during the period. Pathway Financial Advisers LLC boosted its holdings in Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider's stock valued at $781,500,000 after acquiring an additional 6,719,398 shares in the last quarter. Swiss National Bank lifted its position in shares of Duke Energy by 0.3% in the 3rd quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider's stock worth $264,111,000 after purchasing an additional 6,500 shares during the period. Groupama Asset Managment bought a new position in Duke Energy in the third quarter worth about $2,537,000. Finally, Assenagon Asset Management S.A. boosted its position in Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider's stock valued at $201,832,000 after acquiring an additional 1,138,979 shares in the last quarter. Institutional investors own 65.31% of the company's stock.
Duke Energy Stock Performance
Shares of Duke Energy stock opened at $115.86 on Tuesday. 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 firm's 50 day moving average is $110.27 and its two-hundred day moving average is $113.03. The firm has a market capitalization of $89.50 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.79 and a beta of 0.50. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.61%. The ex-dividend date is Friday, February 14th. Duke Energy's dividend payout ratio (DPR) is presently 73.20%.
Analysts Set New Price Targets
Several brokerages have commented on DUK. Scotiabank raised their price objective on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Morgan Stanley decreased their target price on shares of Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Jefferies Financial Group lifted their target price on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday. Finally, BMO Capital Markets boosted their target price on shares of Duke Energy from $119.00 to $124.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $121.62.
Check Out Our Latest Stock 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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