Proficio Capital Partners LLC Makes New Investment in Duke Energy Co. (NYSE:DUK)

Proficio Capital Partners LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 281,712 shares of the utilities provider's stock, valued at approximately $282,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Groupama Asset Managment acquired a new position in Duke Energy during the 3rd quarter worth approximately $2,537,000. Zimmer Partners LP acquired a new position in Duke Energy during the 3rd quarter worth approximately $166,263,000. Assenagon Asset Management S.A. grew its holdings in Duke Energy by 155.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider's stock worth $201,832,000 after acquiring an additional 1,138,979 shares in the last quarter. Brookfield Corp ON grew its holdings in Duke Energy by 112.6% during the 3rd quarter. Brookfield Corp ON now owns 1,002,811 shares of the utilities provider's stock worth $115,624,000 after acquiring an additional 531,073 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Duke Energy by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider's stock valued at $2,016,846,000 after buying an additional 442,302 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DUK shares. BMO Capital Markets upped their target price on shares of Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a report on Tuesday. Scotiabank upped their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday. Guggenheim upped their target price on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Finally, Morgan Stanley lowered their target price on shares of Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Duke Energy has an average rating of "Moderate Buy" and an average price target of $122.93.

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Duke Energy Stock Down 0.6 %

Shares of Duke Energy stock opened at $117.76 on Wednesday. The company has a market cap of $91.43 billion, a P/E ratio of 20.62, 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 Co. has a one year low of $92.75 and a one year high of $121.25. The firm has a fifty day moving average of $112.22 and a two-hundred day moving average of $113.34.

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

Duke Energy Dividend Announcement

The company also recently declared 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 dividend yield of 3.55%. 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.

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