Summit Global Investments Sells 5,270 Shares of Duke Energy Co. (NYSE:DUK)

Summit Global Investments lowered its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 32.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,739 shares of the utilities provider's stock after selling 5,270 shares during the period. Summit Global Investments' holdings in Duke Energy were worth $1,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in Duke Energy in the third quarter valued at about $29,000. Parkworth Wealth Management Inc. bought a new stake in shares of Duke Energy in the 4th quarter valued at approximately $28,000. Rakuten Securities Inc. raised its holdings in shares of Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after buying an additional 270 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Duke Energy during the 4th quarter worth approximately $31,000. Finally, CGC Financial Services LLC boosted its stake in Duke Energy by 366.7% in the 4th 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. Institutional investors own 65.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $114.00 to $121.00 and gave the company a "neutral" rating in a report on Tuesday, March 11th. BMO Capital Markets upped their price objective 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. Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. UBS Group raised their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Jefferies Financial Group upped their target price on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Duke Energy presently has an average rating of "Moderate Buy" and an average price target of $123.87.

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Duke Energy Trading Up 0.5 %

Shares of Duke Energy stock traded up $0.56 during trading on Thursday, hitting $117.67. 2,833,419 shares of the company were exchanged, compared to its average volume of 3,011,486. The firm has a market capitalization of $91.43 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48. The firm's fifty day moving average price is $114.79 and its 200 day moving average price is $113.68. 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 Co. has a 1-year low of $92.75 and a 1-year high of $121.47.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 14th were given a $1.045 dividend. The ex-dividend date was Friday, February 14th. This represents a $4.18 annualized dividend and a 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.