Chevy Chase Trust Holdings LLC Has $43.88 Million Holdings in Duke Energy Co. (NYSE:DUK)

Chevy Chase Trust Holdings LLC lessened its position in shares of Duke Energy Co. (NYSE:DUK) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 407,246 shares of the utilities provider’s stock after selling 8,822 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Duke Energy worth $43,877,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DUK. Pathway Financial Advisers LLC grew its position in shares of 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 worth $781,500,000 after buying an additional 6,719,398 shares during the period. Groupama Asset Managment acquired a new stake in shares of Duke Energy during the 3rd quarter worth approximately $2,537,000. Zimmer Partners LP acquired a new stake in shares of Duke Energy during the 3rd quarter worth approximately $166,263,000. Assenagon Asset Management S.A. lifted its holdings in shares of Duke Energy by 155.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock worth $201,832,000 after purchasing an additional 1,138,979 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock valued at $129,782,000 after acquiring an additional 1,117,526 shares in the last quarter. Institutional investors and hedge funds own 65.31% of the company’s stock.

Analyst Upgrades and Downgrades

DUK has been the topic of several recent analyst reports. BMO Capital Markets raised their price objective on Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. KeyCorp cut Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Morgan Stanley dropped their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. Finally, Scotiabank raised their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Duke Energy presently has an average rating of “Moderate Buy” and an average target price of $122.08.

Duke Energy Trading Down 2.0 %

NYSE DUK opened at $111.69 on Friday. The business’s fifty day moving average is $109.86 and its 200-day moving average is $112.94. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The stock has a market capitalization of $86.27 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.83 and a beta of 0.50. 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 (NYSE:DUK) last announced its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Equities research analysts predict that Duke Energy Co. will post 5.91 EPS for the current year.

Duke Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be issued a $1.045 dividend. This represents a $4.18 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio (DPR) is currently 76.84%.

About Duke Energy

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.