First National Trust Co decreased its holdings in Duke Energy Co. (NYSE:DUK – Free Report) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,052 shares of the utilities provider’s stock after selling 360 shares during the quarter. First National Trust Co’s holdings in Duke Energy were worth $1,729,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DUK. Geode Capital Management LLC lifted its position in Duke Energy by 2.6% during the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock valued at $2,016,846,000 after buying an additional 442,302 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Duke Energy by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider’s stock valued at $922,529,000 after buying an additional 135,665 shares during the period. Amundi lifted its position in Duke Energy by 29.2% during the fourth quarter. Amundi now owns 2,488,849 shares of the utilities provider’s stock valued at $269,368,000 after buying an additional 561,784 shares during the period. Swiss National Bank lifted its position in 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 buying an additional 6,500 shares during the period. Finally, Groupama Asset Managment purchased a new position in Duke Energy during the third quarter valued at $2,537,000. Hedge funds and other institutional investors own 65.31% of the company’s stock.
Analysts Set New Price Targets
DUK has been the subject of several recent research reports. BMO Capital Markets raised their price objective on Duke Energy from $123.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday. Jefferies Financial Group lifted their price target on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Guggenheim lifted their price target on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price target on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday. 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 research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $122.93.
Duke Energy Price Performance
NYSE DUK opened at $120.29 on Friday. Duke Energy Co. has a one year low of $92.75 and a one year high of $121.25. The stock has a 50-day moving average of $112.86 and a 200 day moving average of $113.45. The company has a market capitalization of $93.40 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.
Duke Energy (NYSE:DUK – Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that Duke Energy Co. will post 6.33 EPS for the current year.
Duke Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.48%. Duke Energy’s dividend payout ratio 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.
See Also
- Five stocks we like better than Duke Energy
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- What Investors Need to Know to Beat the Market
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- Low PE Growth Stocks: Unlocking Investment Opportunities
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Co. (NYSE:DUK – Free Report).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.