Duke Energy Co. (NYSE:DUK) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP lessened its holdings in Duke Energy Co. (NYSE:DUK) by 39.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,593 shares of the utilities provider’s stock after selling 7,430 shares during the quarter. Aigen Investment Management LP’s holdings in Duke Energy were worth $1,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Duke Energy in the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in Duke Energy in the 4th quarter worth approximately $31,000. CGC Financial Services LLC increased its holdings in Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider’s stock worth $33,000 after buying an additional 242 shares during the period. Winch Advisory Services LLC grew its stake in shares of Duke Energy by 332.9% during the 4th quarter. Winch Advisory Services LLC now owns 316 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 243 shares during the period. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Duke Energy during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 65.31% of the company’s stock.

Duke Energy Trading Down 1.0 %

Shares of DUK stock opened at $115.26 on Thursday. The stock’s fifty day moving average is $111.51 and its two-hundred day moving average is $113.21. 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 firm has a market capitalization of $89.49 billion, a P/E ratio of 20.19, a PEG ratio of 2.79 and a beta of 0.48. Duke Energy Co. has a fifty-two week low of $92.75 and a fifty-two week high of $121.25.

Duke Energy (NYSE:DUK) last announced 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%. Research analysts expect that Duke Energy Co. will post 6.33 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. Stockholders of record on Friday, February 14th will be issued a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $4.18 annualized dividend and a dividend yield of 3.63%. Duke Energy’s dividend payout ratio is presently 73.20%.

Analyst Upgrades and Downgrades

DUK has been the topic of a number of analyst reports. Morgan Stanley dropped 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 research note on Friday, November 22nd. 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. Guggenheim raised their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets raised their price objective on shares of Duke Energy from $119.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group raised their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Duke Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.57.

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.