WINTON GROUP Ltd Grows Stock Position in Duke Energy Co. (NYSE:DUK)

WINTON GROUP Ltd boosted its stake in shares of Duke Energy Co. (NYSE:DUK) by 61.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,311 shares of the utilities provider’s stock after acquiring an additional 1,642 shares during the quarter. WINTON GROUP Ltd’s holdings in Duke Energy were worth $464,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. United Bank grew its holdings in Duke Energy by 2.7% in the third quarter. United Bank now owns 4,764 shares of the utilities provider’s stock valued at $549,000 after purchasing an additional 127 shares during the period. Edgestream Partners L.P. increased its holdings in Duke Energy by 125.9% in the 3rd quarter. Edgestream Partners L.P. now owns 48,384 shares of the utilities provider’s stock worth $5,579,000 after acquiring an additional 26,965 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Duke Energy during the third quarter worth $50,000. Paradigm Capital Management LLC NV purchased a new position in Duke Energy during the third quarter valued at $758,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Duke Energy in the third quarter valued at about $210,000. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on DUK shares. Morgan Stanley raised their price target on shares of Duke Energy from $123.00 to $128.00 and gave the company an “equal weight” rating in a research note on Thursday, March 20th. 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 note on Friday, February 21st. 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 report on Tuesday, March 11th. JPMorgan Chase & Co. increased their target price on shares of Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research report on Tuesday, March 11th. Finally, Scotiabank upped their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $123.87.

Duke Energy Trading Up 1.5 %

DUK opened at $119.42 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The firm has a market cap of $92.79 billion, a P/E ratio of 20.91, a P/E/G ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a 52 week low of $92.75 and a 52 week high of $121.47. The business has a fifty day simple moving average of $115.17 and a 200-day simple moving average of $113.68.

Duke Energy (NYSE:DUK) last released its earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating 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, equities analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 14th were given a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Friday, February 14th. 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.