PSI Advisors LLC Sells 589 Shares of Duke Energy Co. (NYSE:DUK)

PSI Advisors LLC reduced its holdings in shares of Duke Energy Co. (NYSE:DUK) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,013 shares of the utilities provider’s stock after selling 589 shares during the period. PSI Advisors LLC’s holdings in Duke Energy were worth $540,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC grew its position in shares of Duke Energy by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after buying an additional 442,302 shares during the period. Pathway Financial Advisers LLC grew its holdings in Duke Energy by 11,471.4% in the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. Swiss National Bank raised its holdings in shares of Duke Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock valued at $264,111,000 after purchasing an additional 6,500 shares during the period. Groupama Asset Managment bought a new position in shares of Duke Energy during the 3rd quarter worth about $2,537,000. Finally, Mackenzie Financial Corp grew its stake in shares of Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock valued at $205,769,000 after buying an additional 813,744 shares during the period. 65.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Barclays lifted their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Jefferies Financial Group assumed coverage on shares of Duke Energy in a report on Thursday, September 19th. They set a “buy” rating and a $138.00 price objective on the stock. Morgan Stanley decreased their target price on shares of 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. Finally, Mizuho raised shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price target for the company from $116.00 to $121.00 in a research report on Tuesday, October 15th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $122.23.

Duke Energy Stock Performance

Shares of DUK opened at $106.29 on Tuesday. The stock has a 50 day moving average of $110.88 and a 200 day moving average of $111.83. The company has a market capitalization of $82.11 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.88 and a beta of 0.49. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55.

Duke Energy (NYSE:DUK) last announced its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same period in the prior year, the firm posted $1.94 EPS. The business’s revenue was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Duke Energy Co. will post 5.95 earnings per share for the current year.

Duke Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

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.