Roxbury Financial LLC Invests $1.24 Million in Duke Energy Co. (NYSE:DUK)

Roxbury Financial LLC purchased a new position in shares of Duke Energy Co. (NYSE:DUK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,583 shares of the utilities provider’s stock, valued at approximately $1,239,000. Duke Energy accounts for 1.2% of Roxbury Financial LLC’s investment portfolio, making the stock its 23rd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in Duke Energy by 2.6% in the third quarter. Geode Capital Management LLC now owns 17,488,176 shares of the utilities provider’s stock valued at $2,016,846,000 after purchasing an additional 442,302 shares in the last quarter. Pathway Financial Advisers LLC boosted its stake in Duke Energy by 11,471.4% during 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 period. Swiss National Bank increased its stake in Duke Energy by 0.3% in the third quarter. Swiss National Bank now owns 2,290,641 shares of the utilities provider’s stock valued at $264,111,000 after purchasing an additional 6,500 shares during the period. Groupama Asset Managment acquired a new stake in shares of Duke Energy during the third quarter worth about $2,537,000. Finally, Assenagon Asset Management S.A. increased its position 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 valued at $201,832,000 after acquiring an additional 1,138,979 shares during the period. Institutional investors and hedge funds own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Scotiabank upped their price target 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 dropped their price target on shares of Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Friday, November 22nd. BMO Capital Markets boosted their target price on Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, KeyCorp lowered Duke Energy from an “overweight” rating to a “sector weight” rating in a report on Tuesday, October 22nd. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $122.08.

Duke Energy Trading Down 2.0 %

Duke Energy stock opened at $111.69 on Friday. The stock has a market cap of $86.27 billion, a PE ratio of 20.53, a P/E/G ratio of 2.83 and a beta of 0.50. 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 has a 50-day moving average price of $109.86 and a 200 day moving average price of $112.94. 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 earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.61 by $0.05. Duke Energy had a return on equity of 9.34% and a net margin of 14.31%. Equities research analysts predict that Duke Energy Co. will post 5.91 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 dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.74%. 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.