Amundi Pioneer Asset Management Inc. bought a new position in Duke Energy Corp (NYSE:DUK) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 263,940 shares of the utilities provider’s stock, valued at approximately $22,201,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sun Life Financial INC raised its holdings in Duke Energy by 85.4% in the fourth quarter. Sun Life Financial INC now owns 18,782 shares of the utilities provider’s stock worth $1,580,000 after purchasing an additional 8,650 shares during the period. Delpha Capital Management LLC acquired a new stake in Duke Energy in the fourth quarter worth $286,000. Farr Miller & Washington LLC DC raised its holdings in shares of Duke Energy by 38.1% during the fourth quarter. Farr Miller & Washington LLC DC now owns 6,753 shares of the utilities provider’s stock worth $568,000 after acquiring an additional 1,864 shares during the period. Morgan Dempsey Capital Management LLC raised its holdings in shares of Duke Energy by 2.0% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 59,618 shares of the utilities provider’s stock worth $5,014,000 after acquiring an additional 1,157 shares during the period. Finally, Haverford Trust Co. raised its holdings in shares of Duke Energy by 7.9% during the fourth quarter. Haverford Trust Co. now owns 12,115 shares of the utilities provider’s stock worth $1,019,000 after acquiring an additional 892 shares during the period. Institutional investors own 57.13% of the company’s stock.
DUK has been the topic of a number of research analyst reports. Guggenheim restated a “buy” rating and set a $96.00 price objective on shares of Duke Energy in a report on Wednesday, January 3rd. Goldman Sachs Group lowered shares of Duke Energy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $80.11 to $88.00 in a report on Wednesday, January 10th. Credit Suisse Group upgraded shares of Duke Energy from a “neutral” rating to an “outperform” rating and dropped their price objective for the stock from $91.00 to $83.00 in a report on Tuesday, January 23rd. SunTrust Banks set a $82.00 price objective on shares of Duke Energy and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, Wells Fargo & Co restated a “market perform” rating and set a $82.00 price objective (down from $92.00) on shares of Duke Energy in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Duke Energy has a consensus rating of “Hold” and an average price target of $86.33.
Duke Energy Corp (NYSE:DUK) opened at $76.55 on Tuesday. The firm has a market cap of $53,630.00, a price-to-earnings ratio of 21.15, a P/E/G ratio of 4.38 and a beta of 0.15. Duke Energy Corp has a 12-month low of $72.93 and a 12-month high of $91.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.68 and a quick ratio of 0.42.
Duke Energy (NYSE:DUK) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.03. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $6.09 billion. Duke Energy had a net margin of 12.95% and a return on equity of 7.72%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. equities analysts forecast that Duke Energy Corp will post 4.7 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, February 16th will be given a $0.89 dividend. This represents a $3.56 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Thursday, February 15th. Duke Energy’s dividend payout ratio (DPR) is currently 98.34%.
About Duke Energy
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
Want to see what other hedge funds are holding DUK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Duke Energy Corp (NYSE:DUK).
Receive News & Ratings for Duke Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy and related companies with MarketBeat.com's FREE daily email newsletter.