New Age Alpha Advisors LLC raised its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 27,990.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,689 shares of the utilities provider's stock after purchasing an additional 101,327 shares during the quarter. New Age Alpha Advisors LLC's holdings in Duke Energy were worth $10,956,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new position in Duke Energy in the third quarter valued at about $29,000. Sierra Ocean LLC acquired a new position in shares of Duke Energy during the fourth quarter worth about $31,000. Rakuten Securities Inc. boosted its position in shares of Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after buying an additional 270 shares during the period. Finally, 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 valued at $33,000 after buying an additional 242 shares in the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Duke Energy Stock Performance
Shares of NYSE:DUK traded up $2.56 during trading on Monday, hitting $121.97. 3,797,789 shares of the company traded hands, compared to its average volume of 3,777,087. 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 business's fifty day moving average is $115.17 and its 200-day moving average is $113.68. The stock has a market capitalization of $94.77 billion, a price-to-earnings ratio of 21.36, a PEG ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a one year low of $92.75 and a one year high of $122.50.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data 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 predict that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.
Duke Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 14th were paid a $1.045 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.43%. Duke Energy's payout ratio is currently 73.20%.
Wall Street Analyst Weigh In
DUK has been the topic of several analyst reports. Guggenheim lifted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Jefferies Financial Group increased their price target on Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a report on Friday, February 21st. Morgan Stanley lifted their price objective on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Scotiabank raised their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a "sector perform" rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price target on shares of Duke Energy from $123.00 to $128.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Duke Energy presently has an average rating of "Moderate Buy" and a consensus target price of $123.87.
Check Out Our Latest Stock Report on DUK
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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