Hall Capital Management Co. Inc. bought a new stake in shares of Duke Energy Co. (NYSE:DUK - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 22,812 shares of the utilities provider's stock, valued at approximately $2,458,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB lifted its position in Duke Energy by 0.3% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 31,353 shares of the utilities provider's stock worth $3,378,000 after buying an additional 93 shares during the last quarter. Intergy Private Wealth LLC raised its stake in shares of Duke Energy by 4.8% during the fourth quarter. Intergy Private Wealth LLC now owns 2,113 shares of the utilities provider's stock worth $228,000 after acquiring an additional 96 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Duke Energy by 1.3% in the 4th quarter. V Square Quantitative Management LLC now owns 7,233 shares of the utilities provider's stock worth $779,000 after acquiring an additional 96 shares during the last quarter. Cravens & Co Advisors LLC boosted its stake in shares of Duke Energy by 3.9% in the 4th quarter. Cravens & Co Advisors LLC now owns 2,624 shares of the utilities provider's stock valued at $283,000 after purchasing an additional 98 shares in the last quarter. Finally, Chicago Capital LLC grew its holdings in shares of Duke Energy by 1.0% during the 4th quarter. Chicago Capital LLC now owns 10,263 shares of the utilities provider's stock valued at $1,106,000 after purchasing an additional 100 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock. Guggenheim upped their price target on shares of Duke Energy from $132.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Barclays increased their target price on Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Jefferies Financial Group lifted their price target on Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Citigroup raised their target price on shares of Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Finally, Wells Fargo & Company upped their price target on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.81.
Read Our Latest Report on Duke Energy
Duke Energy Stock Up 1.4%
DUK traded up $1.61 on Friday, hitting $117.06. The company had a trading volume of 974,780 shares, compared to its average volume of 3,431,128. Duke Energy Co. has a 52-week low of $99.21 and a 52-week high of $125.27. The stock has a fifty day simple moving average of $118.73 and a 200-day simple moving average of $114.73. 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 firm has a market capitalization of $90.99 billion, a P/E ratio of 20.48, a P/E/G ratio of 2.79 and a beta of 0.39.
Duke Energy (NYSE:DUK - Get Free Report) last released its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.17. The company had revenue of $8.25 billion during the quarter, compared to analysts' expectations of $7.70 billion. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. As a group, equities analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be paid a dividend of $1.045 per share. This represents a $4.18 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy's payout ratio is currently 69.32%.
About Duke Energy
(
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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