Mackenzie Financial Corp Cuts Holdings in Duke Energy Co. (NYSE:DUK)

Mackenzie Financial Corp reduced its stake in Duke Energy Co. (NYSE:DUK - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,306,297 shares of the utilities provider's stock after selling 238,851 shares during the quarter. Mackenzie Financial Corp owned approximately 0.30% of Duke Energy worth $248,480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Forum Financial Management LP acquired a new stake in shares of Duke Energy in the 4th quarter worth $222,000. Griffith & Werner Inc. acquired a new stake in shares of Duke Energy in the 4th quarter worth $2,406,000. Warm Springs Advisors Inc. acquired a new stake in shares of Duke Energy in the 4th quarter worth $281,000. North Star Asset Management Inc. increased its stake in shares of Duke Energy by 30.7% in the 4th quarter. North Star Asset Management Inc. now owns 2,620 shares of the utilities provider's stock worth $282,000 after acquiring an additional 616 shares during the last quarter. Finally, Invst LLC lifted its holdings in Duke Energy by 18.2% in the fourth quarter. Invst LLC now owns 3,054 shares of the utilities provider's stock valued at $329,000 after acquiring an additional 471 shares during the last quarter. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Down 0.1%

NYSE:DUK traded down $0.13 during trading hours on Tuesday, hitting $116.36. The company's stock had a trading volume of 3,741,730 shares, compared to its average volume of 3,440,225. The stock has a fifty day moving average of $118.95 and a 200-day moving average of $114.70. Duke Energy Co. has a 52-week low of $99.21 and a 52-week high of $125.27. The company has a current ratio of 0.67, a quick ratio of 0.44 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $90.44 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39.

Duke Energy (NYSE:DUK - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.17. The company had revenue of $8.25 billion for the quarter, compared to analyst estimates of $7.70 billion. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The business's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 earnings per share. On average, equities analysts forecast that Duke Energy Co. will post 6.33 earnings per share for the current year.

Duke Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.045 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.59%. Duke Energy's dividend payout ratio (DPR) is 69.32%.

Analysts Set New Price Targets

A number of research analysts recently commented on DUK shares. BMO Capital Markets decreased their price objective on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Wells Fargo & Company upped their price objective on Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 11th. Guggenheim boosted their price target on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, UBS Group raised their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Duke Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.81.

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.