Consolidated Portfolio Review Corp acquired a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,419 shares of the utilities provider's stock, valued at approximately $261,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new position in shares of Duke Energy in the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC bought a new stake in shares of Duke Energy during the third quarter valued at approximately $30,000. CGC Financial Services LLC boosted its position in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after buying an additional 242 shares during the last quarter. Winch Advisory Services LLC raised its position in shares of Duke Energy by 332.9% during the fourth quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider's stock worth $34,000 after acquiring an additional 243 shares during the last quarter. Finally, Reston Wealth Management LLC acquired a new stake in Duke Energy in the third quarter worth about $38,000. Institutional investors and hedge funds own 65.31% of the company's stock.
Several equities analysts recently weighed in on DUK shares. Morgan Stanley cut their price objective on shares of Duke Energy from $122.00 to $118.00 and set an "equal weight" rating on the stock in a report on Friday, November 22nd. Mizuho raised shares of Duke Energy from a "neutral" rating to an "outperform" rating and upped their target price for the company from $116.00 to $121.00 in a research note on Tuesday, October 15th. BMO Capital Markets upped their price objective 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. Scotiabank increased their target price 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. Finally, KeyCorp cut shares of Duke Energy from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Duke Energy presently has an average rating of "Moderate Buy" and a consensus price target of $122.08.
Get Our Latest Report on Duke Energy
Shares of DUK opened at $115.01 on Friday. The firm's 50-day simple moving average is $109.73 and its 200 day simple moving average is $112.72. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.45 and a current ratio of 0.70. The firm has a market cap of $88.85 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 2.83 and a beta of 0.50. Duke Energy Co. has a 52 week low of $90.09 and a 52 week high of $121.25.
Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The utilities provider reported $1.62 EPS for the quarter, missing analysts' consensus estimates of $1.73 by ($0.11). Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm 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 company earned $1.94 earnings per share. The business's quarterly revenue was up 2.1% compared to the same quarter last year. On average, analysts forecast that Duke Energy Co. will post 5.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 14th will be given a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.63%. Duke Energy's payout ratio is presently 76.84%.
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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