Janney Capital Management LLC lowered its stake in shares of Duke Energy Co. (NYSE:DUK – Free Report) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,257 shares of the utilities provider’s stock after selling 1,725 shares during the quarter. Janney Capital Management LLC’s holdings in Duke Energy were worth $10,586,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of DUK. Daymark Wealth Partners LLC grew its holdings in shares of Duke Energy by 0.5% in the fourth quarter. Daymark Wealth Partners LLC now owns 38,948 shares of the utilities provider’s stock valued at $4,196,000 after acquiring an additional 188 shares in the last quarter. Albion Financial Group UT boosted its position in Duke Energy by 18.8% in the fourth quarter. Albion Financial Group UT now owns 8,369 shares of the utilities provider’s stock worth $902,000 after purchasing an additional 1,323 shares during the last quarter. Missouri Trust & Investment Co grew its stake in Duke Energy by 10.3% in the 4th quarter. Missouri Trust & Investment Co now owns 1,071 shares of the utilities provider’s stock valued at $115,000 after purchasing an additional 100 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Duke Energy by 31.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 37,449 shares of the utilities provider’s stock valued at $4,035,000 after purchasing an additional 8,963 shares during the last quarter. Finally, Genesis Private Wealth LLC bought a new stake in shares of Duke Energy during the 4th quarter worth $405,000. 65.31% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on DUK shares. Mizuho upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Scotiabank raised their price target on shares of Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Barclays raised their target price on Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley dropped their price target 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. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.23.
Duke Energy Trading Up 0.7 %
Shares of DUK opened at $110.01 on Wednesday. Duke Energy Co. has a twelve month low of $90.09 and a twelve month high of $121.25. The stock has a market cap of $84.98 billion, a PE ratio of 20.29, a P/E/G ratio of 2.72 and a beta of 0.49. The company has a quick ratio of 0.45, a current ratio of 0.70 and a debt-to-equity ratio of 1.55. The business’s 50-day moving average price is $110.38 and its 200-day moving average price is $112.19.
Duke Energy (NYSE:DUK – Get Free Report) last posted its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.73 by ($0.11). The firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $8.06 billion. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.94 earnings per share. On average, equities analysts forecast that Duke Energy Co. will post 5.92 EPS for the current fiscal year.
Duke Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, February 14th. Duke Energy’s payout ratio is 76.84%.
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.
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