Truist Financial Corp Grows Position in Duke Energy Co. (NYSE:DUK)

Truist Financial Corp raised its position in Duke Energy Co. (NYSE:DUK - Free Report) by 1.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 743,593 shares of the utilities provider's stock after acquiring an additional 7,893 shares during the period. Truist Financial Corp owned approximately 0.10% of Duke Energy worth $80,115,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in DUK. PBMares Wealth Management LLC boosted its holdings in Duke Energy by 1.8% during the 3rd quarter. PBMares Wealth Management LLC now owns 4,886 shares of the utilities provider's stock valued at $563,000 after acquiring an additional 86 shares during the period. Castleview Partners LLC boosted its holdings in Duke Energy by 4.9% during the 3rd quarter. Castleview Partners LLC now owns 1,944 shares of the utilities provider's stock valued at $224,000 after acquiring an additional 90 shares during the period. Kanawha Capital Management LLC boosted its holdings in Duke Energy by 1.4% during the 3rd quarter. Kanawha Capital Management LLC now owns 6,591 shares of the utilities provider's stock valued at $760,000 after acquiring an additional 92 shares during the period. Baron Wealth Management LLC boosted its holdings in Duke Energy by 3.5% during the 3rd quarter. Baron Wealth Management LLC now owns 2,730 shares of the utilities provider's stock valued at $315,000 after acquiring an additional 92 shares during the period. Finally, Chicago Capital LLC boosted its holdings in Duke Energy by 0.9% during the 3rd quarter. Chicago Capital LLC now owns 10,163 shares of the utilities provider's stock valued at $1,172,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DUK. Scotiabank increased their target price on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a report on Thursday, December 12th. BMO Capital Markets increased their target price on Duke Energy from $119.00 to $124.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Finally, Morgan Stanley lowered their price target on Duke Energy from $122.00 to $118.00 and set an "equal weight" rating for the company in a research report on Friday, November 22nd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $122.08.

Duke Energy Stock Up 1.2 %

Shares of NYSE:DUK traded up $1.31 during trading on Thursday, hitting $113.10. The stock had a trading volume of 2,127,403 shares, compared to its average volume of 3,296,681. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. 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 company has a market capitalization of $87.36 billion, a PE ratio of 19.81, a PEG ratio of 2.74 and a beta of 0.50. The firm's fifty day moving average is $109.88 and its 200 day moving average is $112.97.

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

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.70%. Duke Energy's dividend payout ratio (DPR) is currently 73.20%.

Duke Energy 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.