Alethea Capital Management LLC acquired a new position in Duke Energy Co. (NYSE:DUK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,662 shares of the utilities provider's stock, valued at approximately $395,000. Duke Energy makes up 0.3% of Alethea Capital Management LLC's portfolio, making the stock its 11th largest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in DUK. Parkworth Wealth Management Inc. acquired a new stake in Duke Energy in the fourth quarter valued at $28,000. WealthTrak Capital Management LLC acquired a new position in Duke Energy in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. grew its holdings in shares of Duke Energy by 1,500.0% during the fourth quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 270 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Duke Energy during the fourth quarter valued at approximately $31,000. Finally, CGC Financial Services LLC boosted its position in shares of Duke Energy by 366.7% in the 4th quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 242 shares during the period. Institutional investors and hedge funds own 65.31% of the company's stock.
Duke Energy Stock Performance
NYSE:DUK opened at $121.59 on Friday. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44. The company has a market capitalization of $94.48 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 1 year low of $99.21 and a 1 year high of $125.27. The business has a fifty day simple moving average of $119.04 and a two-hundred day simple moving average of $114.57.
Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Thursday, February 13th. The utilities provider reported $1.66 EPS for the quarter, topping the consensus estimate 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, analysts expect that Duke Energy Co. will post 6.33 earnings per share for the current year.
Duke Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be given a dividend of $1.045 per share. The ex-dividend date is Friday, May 16th. This represents a $4.18 dividend on an annualized basis and a dividend yield of 3.44%. Duke Energy's dividend payout ratio (DPR) is currently 73.20%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on DUK shares. Barclays upped their target price on Duke Energy from $111.00 to $123.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 8th. 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 note on Tuesday, March 11th. BMO Capital Markets lowered their target price on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Morgan Stanley upped their price target on Duke Energy from $123.00 to $128.00 and gave the stock an "equal weight" rating in a report on Thursday, March 20th. Finally, Guggenheim increased their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $123.87.
Read Our Latest Analysis on Duke Energy
Duke Energy Profile
(
Free Report)
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.
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