Great Lakes Advisors LLC Acquires 22,688 Shares of Duke Energy Co. (NYSE:DUK)

Great Lakes Advisors LLC boosted its position in Duke Energy Co. (NYSE:DUK - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,130,085 shares of the utilities provider's stock after buying an additional 22,688 shares during the quarter. Duke Energy makes up about 1.0% of Great Lakes Advisors LLC's portfolio, making the stock its 21st biggest position. Great Lakes Advisors LLC owned about 0.15% of Duke Energy worth $121,755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy during the 3rd quarter worth approximately $29,000. Parkworth Wealth Management Inc. acquired a new position in shares of Duke Energy during the 4th quarter worth $28,000. Sierra Ocean LLC acquired a new position in shares of Duke Energy during the 4th quarter worth $31,000. CGC Financial Services LLC increased its holdings in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after purchasing an additional 242 shares in the last quarter. Finally, Winch Advisory Services LLC increased its holdings in Duke Energy by 332.9% in the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider's stock worth $34,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DUK shares. Morgan Stanley decreased their price target on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Jefferies Financial Group raised their target price on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price target on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a research report on Tuesday. BMO Capital Markets raised their target price on Duke Energy from $123.00 to $128.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Scotiabank raised their price target on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.93.

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Duke Energy Stock Down 0.6 %

DUK opened at $117.76 on Wednesday. Duke Energy Co. has a 12 month low of $92.75 and a 12 month high of $121.25. The company has a market cap of $91.43 billion, a P/E ratio of 20.62, a P/E/G ratio of 2.79 and a beta of 0.48. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The business's 50-day moving average price is $112.22 and its 200-day moving average price is $113.34.

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

Duke Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.55%. Duke Energy's dividend payout ratio is 73.20%.

Duke Energy 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.

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