Graypoint LLC Purchases 133 Shares of Duke Energy Co. (NYSE:DUK)

Graypoint LLC boosted its holdings in shares of Duke Energy Co. (NYSE:DUK) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,151 shares of the utilities provider’s stock after buying an additional 133 shares during the period. Graypoint LLC’s holdings in Duke Energy were worth $555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Goodman Advisory Group LLC purchased a new position in Duke Energy during the second quarter worth about $2,888,000. Hilltop Holdings Inc. grew its holdings in shares of Duke Energy by 59.2% in the third quarter. Hilltop Holdings Inc. now owns 23,388 shares of the utilities provider’s stock valued at $2,697,000 after acquiring an additional 8,699 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Duke Energy by 2.6% during the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock worth $2,016,846,000 after acquiring an additional 442,302 shares during the period. Commerce Bank boosted its position in Duke Energy by 5.9% in the third quarter. Commerce Bank now owns 269,217 shares of the utilities provider’s stock worth $31,041,000 after purchasing an additional 15,069 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd grew its stake in Duke Energy by 1,258.1% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 49,341 shares of the utilities provider’s stock valued at $5,689,000 after purchasing an additional 45,708 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Down 2.1 %

Duke Energy stock opened at $105.93 on Friday. 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 fifty-two week low of $90.09 and a fifty-two week high of $121.25. The stock has a market cap of $81.83 billion, a P/E ratio of 19.47, a PEG ratio of 2.88 and a beta of 0.47. The firm’s fifty day moving average price is $111.00 and its 200-day moving average price is $111.70.

Duke Energy (NYSE:DUK) last announced its earnings results on Thursday, November 7th. The utilities provider reported $1.62 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.11). The business 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 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. Equities research analysts forecast that Duke Energy Co. will post 5.95 earnings per share for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 3.95%. Duke Energy’s dividend payout ratio is presently 76.84%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. BMO Capital Markets increased their price objective on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a report on Wednesday, September 18th. Jefferies Financial Group started coverage on Duke Energy in a research report on Thursday, September 19th. They set a “buy” rating and a $138.00 price target on the stock. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. Finally, Scotiabank boosted their price target on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research report on Thursday, December 12th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $122.23.

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.