Duke Energy Co. (NYSE:DUK) Stock Position Raised by Cadinha & Co. LLC

Cadinha & Co. LLC grew its stake in Duke Energy Co. (NYSE:DUK) by 28.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,163 shares of the utilities provider’s stock after buying an additional 928 shares during the quarter. Cadinha & Co. LLC’s holdings in Duke Energy were worth $449,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DUK. Pathway Financial Advisers LLC boosted its position in Duke Energy by 11,471.4% during the third quarter. Pathway Financial Advisers LLC now owns 6,777,973 shares of the utilities provider’s stock worth $781,500,000 after purchasing an additional 6,719,398 shares during the period. Groupama Asset Managment bought a new stake in shares of Duke Energy during the 3rd quarter worth $2,537,000. Zimmer Partners LP acquired a new position in Duke Energy in the 3rd quarter valued at $166,263,000. Assenagon Asset Management S.A. raised its holdings 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 worth $201,832,000 after acquiring an additional 1,138,979 shares during the period. Finally, International Assets Investment Management LLC lifted its position in Duke Energy by 13,829.1% during the 3rd quarter. International Assets Investment Management LLC now owns 1,125,607 shares of the utilities provider’s stock worth $129,782,000 after acquiring an additional 1,117,526 shares during the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DUK. Scotiabank lifted their price objective on Duke Energy from $113.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 12th. Morgan Stanley cut their price target on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. KeyCorp downgraded shares of Duke Energy from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, October 22nd. Barclays upped their target price on shares of Duke Energy from $102.00 to $118.00 and gave the company an “overweight” rating in a research note on Tuesday, October 1st. Finally, 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 research report on Tuesday, October 15th. Six investment 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $122.23.

Duke Energy Stock Up 0.3 %

NYSE DUK opened at $109.34 on Friday. Duke Energy Co. has a 1-year low of $90.09 and a 1-year high of $121.25. 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’s 50 day moving average is $110.47 and its two-hundred day moving average is $111.88. The company has a market capitalization of $84.47 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.64 and a beta of 0.49.

Duke Energy (NYSE:DUK) last announced its quarterly earnings results on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing the consensus estimate of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The company had revenue of $8.16 billion during the quarter, compared to analyst estimates of $8.06 billion. During the same period in the prior year, the firm earned $1.94 EPS. Duke Energy’s quarterly revenue was up 2.1% compared to the same quarter last year. Equities analysts forecast that Duke Energy Co. will post 5.94 earnings per share for the current fiscal year.

Duke Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 yield of 3.82%. The ex-dividend date is Friday, February 14th. Duke Energy’s dividend payout ratio is currently 76.84%.

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.