Brooklyn Investment Group Acquires 517 Shares of Duke Energy Co. (NYSE:DUK)

Brooklyn Investment Group increased its holdings in Duke Energy Co. (NYSE:DUK) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,779 shares of the utilities provider’s stock after purchasing an additional 517 shares during the quarter. Brooklyn Investment Group’s holdings in Duke Energy were worth $946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Duke Energy Price Performance

NYSE DUK opened at $109.34 on Friday. The business’s fifty day moving average price is $110.55 and its 200-day moving average price is $111.81. The stock has a market capitalization of $84.47 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.64 and a beta of 0.49. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.70 and a quick ratio of 0.45. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25.

Duke Energy (NYSE:DUK) last posted 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). The company had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company earned $1.94 earnings per share. On average, equities analysts predict that Duke Energy Co. will post 5.94 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 3.82%. Duke Energy’s dividend payout ratio (DPR) is 76.84%.

Analysts Set New Price Targets

Several analysts have weighed in on DUK shares. Barclays lifted their price objective on Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. Morgan Stanley cut their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $116.00 to $121.00 in a report on Tuesday, October 15th. Scotiabank lifted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a report on Thursday, December 12th. Finally, KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $122.23.

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.