Wrapmanager Inc. Sells 293 Shares of Duke Energy Co. (NYSE:DUK)

Wrapmanager Inc. lessened its stake in shares of Duke Energy Co. (NYSE:DUK) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,476 shares of the utilities provider’s stock after selling 293 shares during the quarter. Wrapmanager Inc.’s holdings in Duke Energy were worth $267,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in DUK. Pathway Financial Advisers LLC lifted its position in Duke Energy by 11,471.4% in 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. Groupama Asset Managment bought a new position in Duke Energy in the 3rd quarter valued at about $2,537,000. Zimmer Partners LP bought a new position in Duke Energy in the 3rd quarter valued at about $166,263,000. Assenagon Asset Management S.A. lifted its position in 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 valued at $201,832,000 after acquiring an additional 1,138,979 shares in the last quarter. Finally, Brookfield Corp ON lifted its position in Duke Energy by 112.6% in the 3rd quarter. Brookfield Corp ON now owns 1,002,811 shares of the utilities provider’s stock valued at $115,624,000 after acquiring an additional 531,073 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DUK shares. BMO Capital Markets raised their price target on shares of Duke Energy from $119.00 to $124.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Jefferies Financial Group raised their price target on shares of Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Morgan Stanley dropped their target price on shares of 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. Finally, Scotiabank lifted their target price on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 12th. Six equities research 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 has a consensus rating of “Moderate Buy” and an average price target of $121.62.

Duke Energy Trading Up 1.2 %

Shares of DUK stock opened at $117.29 on Wednesday. The company has a 50 day moving average of $110.46 and a 200-day moving average of $113.06. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. Duke Energy Co. has a 12-month low of $90.09 and a 12-month high of $121.25. The firm has a market cap of $90.61 billion, a P/E ratio of 20.54, a PEG ratio of 2.79 and a beta of 0.50.

Duke Energy (NYSE:DUK) last issued its quarterly earnings results on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. Duke Energy had a net margin of 14.90% and a return on equity of 9.50%. Sell-side analysts anticipate that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 14th will be paid 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 yield of 3.56%. Duke Energy’s dividend payout ratio is 73.20%.

Duke Energy Company 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.