Kennondale Capital Management LLC purchased a new stake in Duke Energy Co. (NYSE:DUK - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 12,865 shares of the utilities provider's stock, valued at approximately $1,386,000. Duke Energy comprises approximately 1.1% of Kennondale Capital Management LLC's holdings, making the stock its 22nd largest position.
A number of other institutional investors have also recently made changes to their positions in the stock. PDS Planning Inc grew its position in shares of Duke Energy by 3.9% in the 4th quarter. PDS Planning Inc now owns 3,378 shares of the utilities provider's stock valued at $364,000 after buying an additional 127 shares during the last quarter. Mystic Asset Management Inc. grew its position in shares of Duke Energy by 10.6% in the 4th quarter. Mystic Asset Management Inc. now owns 12,229 shares of the utilities provider's stock valued at $1,318,000 after buying an additional 1,169 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of Duke Energy by 10.4% during the 4th quarter. Axxcess Wealth Management LLC now owns 32,254 shares of the utilities provider's stock valued at $3,475,000 after purchasing an additional 3,042 shares in the last quarter. Argent Advisors Inc. boosted its position in shares of Duke Energy by 1.6% during the 4th quarter. Argent Advisors Inc. now owns 17,349 shares of the utilities provider's stock valued at $1,869,000 after purchasing an additional 277 shares in the last quarter. Finally, Aspen Wealth Strategies LLC boosted its position in shares of Duke Energy by 10.7% during the 4th quarter. Aspen Wealth Strategies LLC now owns 5,899 shares of the utilities provider's stock valued at $636,000 after purchasing an additional 568 shares in the last quarter. Institutional investors own 65.31% of the company's stock.
Duke Energy Stock Performance
NYSE DUK traded down $1.15 on Friday, hitting $119.01. 5,850,305 shares of the stock traded hands, compared to its average volume of 2,996,010. The business's fifty day moving average is $114.16 and its two-hundred day moving average is $113.69. Duke Energy Co. has a 12 month low of $92.75 and a 12 month high of $121.47. The firm has a market capitalization of $92.47 billion, a price-to-earnings ratio of 20.84, a PEG ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.
Duke Energy (NYSE:DUK - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS 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%. As a group, equities analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date was Friday, February 14th. Duke Energy's payout ratio is currently 73.20%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Morgan Stanley upped their target price on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday. Guggenheim increased their price objective on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research note on Tuesday, March 11th. Finally, UBS Group increased their price target on Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.87.
Check Out Our Latest Report on Duke Energy
Duke Energy Company Profile
(
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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