Lynch & Associates IN trimmed its holdings in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 0.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,370 shares of the utilities provider’s stock after selling 222 shares during the quarter. Lynch & Associates IN’s holdings in Duke Energy were worth $3,380,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Duke Energy by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock valued at $2,016,846,000 after purchasing an additional 442,302 shares during the last quarter. Pathway Financial Advisers LLC increased its stake in Duke Energy by 11,471.4% during 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. Envestnet Asset Management Inc. boosted its stake in shares of Duke Energy by 1.7% in the second quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock valued at $247,672,000 after purchasing an additional 40,243 shares during the period. Swiss National Bank grew its holdings in shares of Duke Energy by 0.3% in 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 in the last quarter. Finally, Groupama Asset Managment acquired a new stake in Duke Energy during the 3rd quarter worth approximately $2,537,000. 65.31% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
DUK has been the topic of several analyst reports. Barclays raised their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a report on Tuesday, October 1st. Mizuho raised 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 report on Tuesday, October 15th. Scotiabank upped their price target 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. KeyCorp lowered shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. Finally, Morgan Stanley lowered their price objective 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 investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $122.23.
Duke Energy Stock Performance
Shares of NYSE DUK traded down $2.30 during trading on Friday, reaching $105.93. The stock had a trading volume of 2,998,097 shares, compared to its average volume of 3,114,850. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. Duke Energy Co. has a one year low of $90.09 and a one year high of $121.25. The firm’s 50 day moving average price is $111.14 and its two-hundred day moving average price is $111.59. The stock has a market cap of $81.83 billion, a PE ratio of 19.47, a P/E/G ratio of 2.90 and a beta of 0.49.
Duke Energy (NYSE:DUK – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, research analysts forecast that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.
Duke Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a $1.045 dividend. 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 3.95%. Duke Energy’s payout ratio is currently 76.84%.
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.
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