Teza Capital Management LLC Acquires Shares of 42,680 Duke Energy Co. (NYSE:DUK)

Teza Capital Management LLC bought a new position in shares of Duke Energy Co. (NYSE:DUK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,680 shares of the utilities provider's stock, valued at approximately $4,598,000. Duke Energy accounts for 0.7% of Teza Capital Management LLC's holdings, making the stock its 21st biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC raised its stake in Duke Energy by 28.0% during the fourth quarter. Gateway Investment Advisers LLC now owns 5,739 shares of the utilities provider's stock worth $618,000 after purchasing an additional 1,256 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Duke Energy by 2.5% during the 4th quarter. Ritholtz Wealth Management now owns 7,208 shares of the utilities provider's stock worth $777,000 after buying an additional 174 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its position in shares of Duke Energy by 12.8% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 2,806 shares of the utilities provider's stock worth $302,000 after buying an additional 319 shares during the period. Walker Asset Management LLC boosted its holdings in Duke Energy by 2.8% in the fourth quarter. Walker Asset Management LLC now owns 5,076 shares of the utilities provider's stock valued at $547,000 after acquiring an additional 138 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in Duke Energy by 11.2% during the fourth quarter. Merit Financial Group LLC now owns 32,963 shares of the utilities provider's stock valued at $3,551,000 after acquiring an additional 3,311 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price objective on Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Barclays raised their price target on shares of Duke Energy from $111.00 to $123.00 and gave the company an "overweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company lifted their price target on shares of Duke Energy from $127.00 to $138.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Jefferies Financial Group increased their price objective on shares of Duke Energy from $129.00 to $132.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, UBS Group lifted their target price on shares of Duke Energy from $123.00 to $127.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Duke Energy has an average rating of "Moderate Buy" and an average target price of $126.00.

Duke Energy Stock Up 0.2%

Shares of NYSE:DUK traded up $0.28 during trading on Tuesday, hitting $117.27. The company's stock had a trading volume of 4,459,281 shares, compared to its average volume of 3,425,722. The company has a market capitalization of $91.15 billion, a PE ratio of 20.54, a PEG ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a fifty-two week low of $99.21 and a fifty-two week high of $125.27. 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 stock's 50-day moving average price is $119.27 and its two-hundred day moving average price is $114.59.

Duke Energy (NYSE:DUK - Get Free Report) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Duke Energy's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 EPS. As a group, sell-side analysts expect that Duke Energy Co. will post 6.33 EPS for the current year.

Duke Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be paid 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 yield of 3.56%. Duke Energy's dividend payout ratio (DPR) is 69.32%.

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.