Glenview Trust co Sells 304 Shares of Duke Energy Co. (NYSE:DUK)

Glenview Trust co cut its holdings in Duke Energy Co. (NYSE:DUK) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,174 shares of the utilities provider’s stock after selling 304 shares during the period. Glenview Trust co’s holdings in Duke Energy were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in DUK. Groupama Asset Managment acquired a new position in shares of Duke Energy during the 3rd quarter valued at $2,537,000. Zimmer Partners LP bought a new stake in Duke Energy in the third quarter valued at $166,263,000. Assenagon Asset Management S.A. raised its holdings in shares of Duke Energy by 155.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,873,321 shares of the utilities provider’s stock valued at $201,832,000 after purchasing an additional 1,138,979 shares during the period. Capital Wealth Planning LLC boosted its position in shares of Duke Energy by 116.5% during the 4th quarter. Capital Wealth Planning LLC now owns 2,065,344 shares of the utilities provider’s stock worth $222,520,000 after purchasing an additional 1,111,581 shares in the last quarter. Finally, Amundi increased its position in Duke Energy by 29.2% in the 4th quarter. Amundi now owns 2,488,849 shares of the utilities provider’s stock valued at $269,368,000 after buying an additional 561,784 shares in the last quarter. Institutional investors own 65.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Duke Energy from $129.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Scotiabank raised their price objective on shares of Duke Energy from $113.00 to $120.00 and gave the company a “sector perform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. boosted their target price on shares of Duke Energy from $114.00 to $121.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 11th. BMO Capital Markets raised their price target on shares of Duke Energy from $123.00 to $128.00 and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Finally, Morgan Stanley decreased their price objective on Duke Energy from $122.00 to $118.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and an average price target of $122.93.

Duke Energy Stock Up 1.8 %

Shares of NYSE DUK opened at $120.29 on Monday. The business’s fifty day moving average price is $112.86 and its 200-day moving average price is $113.46. Duke Energy Co. has a one year low of $92.75 and a one year high of $121.25. The stock has a market capitalization of $93.40 billion, a PE ratio of 21.07, a P/E/G ratio of 2.79 and a beta of 0.48. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Thursday, February 13th. The utilities provider reported $1.66 earnings per share (EPS) 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%. On average, equities research analysts anticipate that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

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 issued a dividend of $1.045 per share. 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 (DPR) is presently 73.20%.

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.