Duke Energy Co. (NYSE:DUK) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC reduced its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 24.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,074 shares of the utilities provider's stock after selling 8,141 shares during the period. Intech Investment Management LLC's holdings in Duke Energy were worth $2,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DUK. Groupama Asset Managment purchased a new position in shares of Duke Energy in the 3rd quarter valued at approximately $2,537,000. Zimmer Partners LP acquired a new stake in shares of Duke Energy during the third quarter worth $166,263,000. Assenagon Asset Management S.A. grew its holdings in shares of 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 valued at $201,832,000 after buying an additional 1,138,979 shares during the last quarter. Capital Wealth Planning LLC increased its position in shares of Duke Energy by 116.5% in the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider's stock valued at $222,520,000 after acquiring an additional 1,111,581 shares during the period. Finally, Amundi lifted its position in Duke Energy by 29.2% during the 4th quarter. Amundi now owns 2,488,849 shares of the utilities provider's stock worth $269,368,000 after acquiring an additional 561,784 shares during the period. 65.31% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. Jefferies Financial Group raised their price target on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Morgan Stanley upped their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a report on Thursday. BMO Capital Markets boosted their target price on shares of Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. increased their price target on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $123.87.

Duke Energy Price Performance

NYSE:DUK traded down $0.98 during trading hours on Monday, reaching $118.12. 3,904,744 shares of the company were exchanged, compared to its average volume of 3,002,479. The stock's 50-day moving average is $114.16 and its 200-day moving average is $113.65. Duke Energy Co. has a twelve month low of $92.75 and a twelve month high of $121.47. The firm has a market cap of $91.78 billion, a PE ratio of 20.69, a price-to-earnings-growth 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.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings results 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 net margin of 14.90% and a return on equity of 9.50%. On average, sell-side analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were paid a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, February 14th. Duke Energy's dividend payout ratio is currently 73.20%.

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.