Duke Energy Co. (NYSE:DUK) Shares Bought by Picton Mahoney Asset Management

Picton Mahoney Asset Management raised its holdings in Duke Energy Co. (NYSE:DUK) by 54.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,002 shares of the utilities provider’s stock after purchasing an additional 1,768 shares during the period. Picton Mahoney Asset Management’s holdings in Duke Energy were worth $539,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DUK. Parkworth Wealth Management Inc. purchased a new position in shares of Duke Energy in the fourth quarter valued at approximately $28,000. Legacy Investment Solutions LLC purchased a new position in shares of Duke Energy in the third quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new position in shares of Duke Energy in the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. lifted its position in shares of Duke Energy by 1,500.0% in the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 270 shares in the last quarter. Finally, CGC Financial Services LLC lifted its position in shares of Duke Energy by 366.7% in the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 242 shares in the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Price Performance

NYSE:DUK opened at $120.29 on Monday. Duke Energy Co. has a 52 week low of $92.75 and a 52 week high of $121.25. The company has a quick ratio of 0.44, a current ratio of 0.67 and a debt-to-equity ratio of 1.52. The stock’s fifty day moving average is $112.86 and its two-hundred day moving average is $113.46. The company has a market capitalization of $93.40 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.79 and a beta of 0.48.

Duke Energy (NYSE:DUK) last issued its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.05. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. Equities analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 14th will be paid a $1.045 dividend. The ex-dividend date is Friday, February 14th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.48%. Duke Energy’s payout ratio is presently 73.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Friday, November 22nd. BMO Capital Markets lifted their price objective on Duke Energy from $123.00 to $128.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. lifted their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. Guggenheim lifted their price objective on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group lifted their price objective on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Duke Energy presently has an average rating of “Moderate Buy” and a consensus price target of $122.93.

Duke Energy Company 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.