Envestnet Portfolio Solutions Inc. Has $20.75 Million Holdings in Duke Energy Co. (NYSE:DUK)

Envestnet Portfolio Solutions Inc. raised its holdings in Duke Energy Co. (NYSE:DUK) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 192,617 shares of the utilities provider’s stock after purchasing an additional 21,587 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Duke Energy were worth $20,753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DUK. one8zero8 LLC bought a new stake in shares of Duke Energy during the fourth quarter valued at approximately $7,021,000. Choate Investment Advisors acquired a new position in Duke Energy during the 4th quarter worth $537,000. Natixis Advisors LLC boosted its position in Duke Energy by 3.5% in the 4th quarter. Natixis Advisors LLC now owns 709,944 shares of the utilities provider’s stock valued at $76,489,000 after buying an additional 24,269 shares during the last quarter. Frank Rimerman Advisors LLC increased its stake in shares of Duke Energy by 8.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 8,342 shares of the utilities provider’s stock valued at $899,000 after buying an additional 618 shares during the period. Finally, First Financial Group Corp acquired a new position in shares of Duke Energy during the fourth quarter valued at $575,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Price Performance

NYSE DUK opened at $120.29 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67. The stock has a market cap of $93.40 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 2.79 and a beta of 0.48. The business has a 50 day simple moving average of $112.86 and a 200 day simple moving average of $113.46. Duke Energy Co. has a 52-week low of $92.75 and a 52-week high of $121.25.

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

Duke Energy Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley lowered their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Scotiabank boosted their price target 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. BMO Capital Markets raised their price objective on shares of Duke Energy from $123.00 to $128.00 and gave the company an “outperform” rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. increased their price target on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Finally, Guggenheim lifted their price objective on Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $122.93.

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.