Sanctuary Advisors LLC decreased its position in Duke Energy Co. (NYSE:DUK - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 189,892 shares of the utilities provider's stock after selling 19,193 shares during the period. Sanctuary Advisors LLC's holdings in Duke Energy were worth $21,317,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the third quarter valued at $29,000. Northwest Investment Counselors LLC acquired a new position in Duke Energy in the third quarter valued at $30,000. Sierra Ocean LLC acquired a new position in Duke Energy in the fourth quarter valued at $31,000. CGC Financial Services LLC lifted its holdings in 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 during the period. Finally, Winch Advisory Services LLC lifted its holdings in Duke Energy by 332.9% in the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider's stock valued at $34,000 after buying an additional 243 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.
Duke Energy Stock Up 2.1 %
Shares of NYSE:DUK traded up $2.42 during midday trading on Friday, hitting $115.58. 4,423,961 shares of the company's stock were exchanged, compared to its average volume of 3,366,634. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The stock has a 50 day moving average price of $110.10 and a 200-day moving average price of $113.00. The company has a market cap of $89.28 billion, a PE ratio of 20.24, a price-to-earnings-growth ratio of 2.76 and a beta of 0.50. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last posted its earnings results on Thursday, February 13th. The utilities provider reported $1.66 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%. On average, sell-side analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.62%. Duke Energy's dividend payout ratio (DPR) is 73.20%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Scotiabank lifted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research note on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of Duke Energy from $119.00 to $124.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Morgan Stanley decreased their price target on shares of Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research note on Friday, November 22nd. Finally, Jefferies Financial Group lifted their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a "buy" rating in a research note on Friday. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has an average rating of "Moderate Buy" and an average target price of $121.62.
View Our Latest Research Report on DUK
About Duke Energy
(
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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