UniSuper Management Pty Ltd Sells 5,929 Shares of Duke Energy Co. (NYSE:DUK)

UniSuper Management Pty Ltd decreased its position in Duke Energy Co. (NYSE:DUK - Free Report) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,330 shares of the utilities provider's stock after selling 5,929 shares during the quarter. UniSuper Management Pty Ltd's holdings in Duke Energy were worth $5,638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. Wilmington Savings Fund Society FSB raised its position in Duke Energy by 0.3% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider's stock valued at $3,378,000 after purchasing an additional 93 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of Duke Energy by 2.8% during the fourth quarter. Pallas Capital Advisors LLC now owns 3,456 shares of the utilities provider's stock valued at $372,000 after acquiring an additional 95 shares in the last quarter. Intergy Private Wealth LLC lifted its stake in Duke Energy by 4.8% in the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider's stock worth $228,000 after acquiring an additional 96 shares during the period. V Square Quantitative Management LLC increased its position in Duke Energy by 1.3% during the 4th quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider's stock valued at $779,000 after purchasing an additional 96 shares during the period. Finally, Missouri Trust & Investment Co raised its holdings in Duke Energy by 10.3% in the 4th quarter. Missouri Trust & Investment Co now owns 1,071 shares of the utilities provider's stock worth $115,000 after purchasing an additional 100 shares in the last quarter. 65.31% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several brokerages recently issued reports on DUK. BMO Capital Markets boosted their price target on shares of Duke Energy from $123.00 to $128.00 and gave the company an "outperform" rating in a research report on Tuesday, March 11th. UBS Group increased their target price on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Scotiabank lifted their price target on Duke Energy from $113.00 to $120.00 and gave the company a "sector perform" rating in a research report on Thursday, December 12th. Jefferies Financial Group upped their price target on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Finally, Morgan Stanley raised their price objective on Duke Energy from $123.00 to $128.00 and gave the company an "equal weight" rating in a research report on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Duke Energy has an average rating of "Moderate Buy" and an average price target of $123.87.

Duke Energy Stock Up 1.9 %

Duke Energy stock traded up $2.24 during trading hours on Monday, hitting $121.65. The stock had a trading volume of 3,382,029 shares, compared to its average volume of 3,229,826. The stock's 50-day moving average price is $115.17 and its 200-day moving average price is $113.68. Duke Energy Co. has a 12-month low of $92.75 and a 12-month high of $122.48. 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 stock has a market capitalization of $94.52 billion, a P/E ratio of 21.30, a price-to-earnings-growth ratio of 2.79 and a beta of 0.48.

Duke Energy (NYSE:DUK - Get Free Report) last released 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%. Equities research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Friday, February 14th. Duke Energy's payout ratio is presently 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.