Machina Capital S.A.S. lessened its stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 20.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,854 shares of the utilities provider's stock after selling 2,314 shares during the quarter. Machina Capital S.A.S.'s holdings in Duke Energy were worth $954,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Duke Energy during the 3rd quarter valued at $29,000. Sierra Ocean LLC purchased a new stake in shares of Duke Energy during the fourth quarter worth about $31,000. CGC Financial Services LLC grew its stake in shares of Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after purchasing an additional 242 shares during the last quarter. Winch Advisory Services LLC increased its holdings in Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 243 shares during the period. Finally, Centricity Wealth Management LLC purchased a new stake in Duke Energy in the 4th quarter worth approximately $36,000. Institutional investors own 65.31% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on DUK shares. Scotiabank boosted their target price on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. Guggenheim upped their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday. BMO Capital Markets boosted their price target 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. Jefferies Financial Group raised their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a report on Friday, February 21st. Finally, Morgan Stanley reduced their target price on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $122.57.
Check Out Our Latest Report on DUK
Duke Energy Price Performance
Shares of NYSE:DUK opened at $116.78 on Friday. The company has a market capitalization of $90.68 billion, a PE ratio of 20.45, a PEG ratio of 2.79 and a beta of 0.48. The business has a fifty day moving average price of $111.81 and a 200-day moving average price of $113.25. Duke Energy Co. has a 1-year low of $92.75 and a 1-year high of $121.25. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.
Duke Energy (NYSE:DUK - Get Free Report) last issued 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 net margin of 14.90% and a return on equity of 9.50%. As a group, equities analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Announces Dividend
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 issued a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Friday, February 14th. Duke Energy's payout ratio is 73.20%.
Duke Energy 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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