Allworth Financial LP raised its holdings in shares of Duke Energy Co. (NYSE:DUK – Get Rating) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,018 shares of the utilities provider’s stock after acquiring an additional 1,723 shares during the period. Allworth Financial LP’s holdings in Duke Energy were worth $2,165,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in DUK. Vanguard Group Inc. raised its stake in shares of Duke Energy by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 70,549,902 shares of the utilities provider’s stock worth $6,562,551,000 after buying an additional 1,035,303 shares in the last quarter. BlackRock Inc. raised its position in shares of Duke Energy by 2.1% during the third quarter. BlackRock Inc. now owns 54,910,595 shares of the utilities provider’s stock worth $5,107,783,000 after purchasing an additional 1,109,394 shares during the period. State Street Corp raised its position in shares of Duke Energy by 1.8% during the third quarter. State Street Corp now owns 45,155,130 shares of the utilities provider’s stock worth $4,200,330,000 after purchasing an additional 816,427 shares during the period. FMR LLC raised its position in shares of Duke Energy by 9.7% during the second quarter. FMR LLC now owns 8,591,371 shares of the utilities provider’s stock worth $921,081,000 after purchasing an additional 758,883 shares during the period. Finally, Northern Trust Corp raised its position in shares of Duke Energy by 0.4% during the second quarter. Northern Trust Corp now owns 8,481,666 shares of the utilities provider’s stock worth $909,319,000 after purchasing an additional 29,885 shares during the period. Institutional investors own 63.22% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on DUK. Seaport Res Ptn raised Duke Energy from a “sell” rating to a “neutral” rating in a research report on Friday, March 17th. Mizuho lifted their price target on Duke Energy from $100.00 to $102.00 and gave the company a “neutral” rating in a report on Friday, December 9th. Wells Fargo & Company lowered their price target on Duke Energy from $111.00 to $103.00 and set an “equal weight” rating on the stock in a report on Friday, February 10th. Morgan Stanley lowered their price target on Duke Energy from $105.00 to $99.00 and set an “equal weight” rating on the stock in a report on Tuesday. Finally, StockNews.com started coverage on Duke Energy in a report on Thursday, March 16th. They set a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $104.70.
Insider Transactions at Duke Energy
Duke Energy Stock Performance
Shares of NYSE DUK opened at $92.95 on Thursday. The business’s 50-day moving average price is $98.63 and its two-hundred day moving average price is $98.69. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.70 and a quick ratio of 0.51. Duke Energy Co. has a one year low of $83.76 and a one year high of $116.33. The company has a market capitalization of $71.58 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 3.15 and a beta of 0.42.
Duke Energy (NYSE:DUK – Get Rating) last issued its earnings results on Thursday, February 9th. The utilities provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.05. Duke Energy had a return on equity of 8.45% and a net margin of 9.11%. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $5.27 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. Analysts anticipate that Duke Energy Co. will post 5.63 earnings per share for the current fiscal year.
Duke Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, March 16th. Stockholders of record on Friday, February 17th were paid a dividend of $1.005 per share. The ex-dividend date was Thursday, February 16th. This represents a $4.02 annualized dividend and a dividend yield of 4.32%. Duke Energy’s dividend payout ratio (DPR) is presently 121.08%.
Duke Energy Company Profile
Duke Energy Corp. engages in the distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities & Infrastructure and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations in regulated electric utilities in the Carolinas, Florida and the Midwest.
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