Measured Risk Portfolios Inc. bought a new position in Duke Energy Co. (NYSE:DUK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 20,950 shares of the utilities provider's stock, valued at approximately $2,257,000. Duke Energy accounts for approximately 2.4% of Measured Risk Portfolios Inc.'s investment portfolio, making the stock its 10th biggest holding.
Several other hedge funds and other institutional investors have also recently modified their holdings of DUK. Parkworth Wealth Management Inc. bought a new position in Duke Energy during the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC purchased a new position in shares of Duke Energy in the 4th quarter worth $30,000. Rakuten Securities Inc. grew its stake in shares of Duke Energy by 1,500.0% in the 4th quarter. Rakuten Securities Inc. now owns 288 shares of the utilities provider's stock worth $31,000 after buying an additional 270 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Duke Energy in the 4th quarter worth about $31,000. Finally, CGC Financial Services LLC lifted its holdings 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 worth $33,000 after acquiring an additional 242 shares during the last quarter. 65.31% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Guggenheim lifted their price objective on shares of Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. UBS Group upped their price objective on shares of Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. JPMorgan Chase & Co. upped their target price on shares of Duke Energy from $114.00 to $121.00 and gave the stock a "neutral" rating in a report on Tuesday, March 11th. Wells Fargo & Company increased their target price on shares of Duke Energy from $127.00 to $138.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, BMO Capital Markets lowered their price objective on shares of Duke Energy from $128.00 to $123.00 and set an "outperform" rating for the company in a research note on Thursday, April 10th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.00.
View Our Latest Research Report on DUK
Duke Energy Stock Down 3.8%
DUK opened at $115.71 on Tuesday. The business has a 50-day moving average of $119.48 and a 200-day moving average of $114.56. 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 Co. has a fifty-two week low of $99.21 and a fifty-two week high of $125.27. The company has a market capitalization of $89.94 billion, a PE ratio of 20.26, 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 results on Tuesday, May 6th. The utilities provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The company had revenue of $8.25 billion for the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the previous year, the business posted $1.44 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts forecast that Duke Energy Co. will post 6.33 EPS for the current fiscal year.
Duke Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be issued a $1.045 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.18 annualized dividend and a dividend yield of 3.61%. Duke Energy's dividend payout ratio (DPR) 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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