Quantinno Capital Management LP Grows Position in Duke Energy Co. (NYSE:DUK)

Quantinno Capital Management LP grew its holdings in shares of Duke Energy Co. (NYSE:DUK - Free Report) by 59.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,231 shares of the utilities provider's stock after acquiring an additional 26,845 shares during the quarter. Quantinno Capital Management LP's holdings in Duke Energy were worth $7,782,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Parkworth Wealth Management Inc. acquired a new position in Duke Energy during the fourth quarter worth about $28,000. WealthTrak Capital Management LLC acquired a new position in Duke Energy during the fourth quarter worth about $30,000. Sierra Ocean LLC acquired a new position in Duke Energy during the fourth quarter worth about $31,000. 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 worth $31,000 after purchasing an additional 270 shares during the last quarter. Finally, CGC Financial Services LLC grew its holdings in shares of Duke Energy by 366.7% during the fourth quarter. CGC Financial Services LLC now owns 308 shares of the utilities provider's stock worth $33,000 after purchasing an additional 242 shares during the last quarter. Institutional investors and hedge funds own 65.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DUK. Guggenheim boosted their price target on Duke Energy from $132.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Morgan Stanley boosted 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. Citigroup boosted their price target on Duke Energy from $130.00 to $142.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. UBS Group boosted their price target on Duke Energy from $123.00 to $127.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, BMO Capital Markets reduced their price target on Duke Energy from $128.00 to $123.00 and set an "outperform" rating on the stock in a report on Thursday, April 10th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Duke Energy currently has an average rating of "Moderate Buy" and a consensus target price of $126.00.

Duke Energy Trading Up 0.6%

Shares of Duke Energy stock traded up $0.72 on Monday, reaching $116.98. 2,772,465 shares of the company's stock were exchanged, compared to its average volume of 3,416,239. The company has a market capitalization of $90.92 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 2.79 and a beta of 0.39. Duke Energy Co. has a 52 week low of $99.21 and a 52 week high of $125.27. The firm's 50-day moving average is $119.29 and its two-hundred day moving average is $114.54. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.44 and a current ratio of 0.67.

Duke Energy (NYSE:DUK - Get Free Report) last issued its earnings results on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $7.70 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. Duke Energy's revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts predict that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 16th will be given a $1.045 dividend. This represents a $4.18 dividend on an annualized basis 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%.

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.