Raleigh Capital Management Inc. Sells 421 Shares of Duke Energy Co. (NYSE:DUK)

Raleigh Capital Management Inc. lessened its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,715 shares of the utilities provider’s stock after selling 421 shares during the period. Raleigh Capital Management Inc.’s holdings in Duke Energy were worth $1,909,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DUK. Geode Capital Management LLC grew its stake in shares of 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 worth $2,016,846,000 after buying an additional 442,302 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of 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 acquiring an additional 6,719,398 shares during the last quarter. Swiss National Bank increased 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 acquiring an additional 6,500 shares in the last quarter. Groupama Asset Managment purchased a new position in shares of Duke Energy in the 3rd quarter worth about $2,537,000. Finally, Mackenzie Financial Corp boosted its stake in Duke Energy by 65.7% in the 2nd quarter. Mackenzie Financial Corp now owns 2,052,969 shares of the utilities provider’s stock worth $205,769,000 after purchasing an additional 813,744 shares in the last quarter. 65.31% of the stock is owned by hedge funds and other institutional investors.

Duke Energy Stock Down 1.7 %

Shares of DUK stock opened at $108.86 on Thursday. Duke Energy Co. has a 12 month low of $90.09 and a 12 month high of $121.25. The company has a 50 day simple moving average of $110.33 and a two-hundred day simple moving average of $112.17. The company has a current ratio of 0.70, a quick ratio of 0.45 and a debt-to-equity ratio of 1.55. The stock has a market cap of $84.09 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.76 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The company had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Duke Energy’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.94 earnings per share. On average, research analysts expect that Duke Energy Co. will post 5.92 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. 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 3.84%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s dividend payout ratio is 76.84%.

Analyst Upgrades and Downgrades

DUK has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a report on Tuesday, October 1st. Morgan Stanley lowered 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 raised Duke Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Scotiabank increased their price objective on Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Finally, KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $122.23.

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.