Duke Energy Co. (NYSE:DUK) Shares Acquired by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY boosted its position in Duke Energy Co. (NYSE:DUK) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,357 shares of the utilities provider’s stock after purchasing an additional 274 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Duke Energy were worth $362,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC grew 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. Pathway Financial Advisers LLC grew its stake in shares of Duke Energy by 11,471.4% in the 3rd 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 last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Duke Energy by 1.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,471,035 shares of the utilities provider’s stock worth $247,672,000 after purchasing an additional 40,243 shares in the last quarter. Swiss National Bank boosted its holdings in Duke Energy by 0.3% during the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock worth $264,111,000 after buying an additional 6,500 shares in the last quarter. Finally, Groupama Asset Managment acquired a new position in Duke Energy in the third quarter worth approximately $2,537,000. 65.31% of the stock is currently owned by institutional investors and hedge funds.

Duke Energy Stock Up 0.4 %

Shares of NYSE DUK traded up $0.42 during trading hours on Monday, hitting $106.29. The stock had a trading volume of 2,358,409 shares, compared to its average volume of 2,992,826. The company has a market capitalization of $82.11 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.88 and a beta of 0.47. The firm’s 50-day moving average price is $111.00 and its two-hundred day moving average price is $111.79. 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 52 week low of $90.09 and a 52 week high of $121.25.

Duke Energy (NYSE:DUK) last released its quarterly 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 for the quarter, compared to the consensus estimate of $8.06 billion. Duke Energy had a net margin of 14.31% and a return on equity of 9.34%. The firm’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 business posted $1.94 EPS. Analysts anticipate that Duke Energy Co. will post 5.95 EPS for the current fiscal year.

Duke Energy Dividend Announcement

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 issued a dividend of $1.045 per share. The ex-dividend date is Friday, February 14th. This represents a $4.18 annualized dividend and a yield of 3.93%. Duke Energy’s dividend payout ratio (DPR) is presently 76.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DUK shares. KeyCorp downgraded Duke Energy from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, October 22nd. BMO Capital Markets increased their price target on Duke Energy from $120.00 to $126.00 and gave the company an “outperform” rating in a research report on Wednesday, September 18th. Mizuho upgraded Duke Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $116.00 to $121.00 in a report on Tuesday, October 15th. Barclays lifted their target price on shares of Duke Energy from $102.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 1st. Finally, Scotiabank raised their price objective 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. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Duke Energy has an average rating of “Moderate Buy” and a consensus target price of $122.23.

About Duke Energy

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.